-The Hindu Business Line Farmers in election-bound States have stopped repaying in anticipation of write-offs Hyderabad: The increasing demand for farm-loan waivers and slippages in existing loan repayments by farmers in anticipation of write-offs are giving banks a nightmare. Apart from drawing the attention of policy makers and political pundits, last week’s mega farmers’ rally in the national capital has also created tremors among bankers. “The expectation of agricultural loan waivers next year when...
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Three years on, bank credit to MSEs continue to shrink -Mayur Shetty
-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
More »Soaring Joblessness Among Youth May Sink BJP in Polls - Subodh Varma
-Newsclick.in Unemployment among youth is raging at a staggering 26 per cent to 55 per cent in the three BJP ruled states going to polls in the coming weeks. High and pervasive joblessness among youth of age group 20-29 years is severely denting the re-election prospects of BJP in Chhattisgarh, Madhya Pradesh and Rajasthan. According to data from CMIE’s Statistical Profile for May-August 2018, unemployment rate was 26 per cent in...
More »Demonetisation: Is data being cherry-picked to show note ban delivered? -Rupa Subramanya
-Financial Express Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? Has demonetisation led to a big increase in the number of people filing taxes and in tax revenue collected? In other words, have the tax base and tax revenue increased substantially due to demonetisation? Minister of finance Arun Jaitley, and assorted defenders of the government, do make these claims. Writing in...
More »Poverty in all its faces -C Rangarajan & S Mahendra Dev
-The Indian Express Growth can alleviate poverty but its definition needs to expand to make any tangible difference on the ground. Amidst the din caused by the story of rising billionaires, the message on India’s poverty decline in the recent report of the Oxford Poverty and Human Development Initiative has been lost. UNDP and Oxford University released the report on Global Multidimensional Poverty Index (MPI) 2018. This report covers 105 countries. The...
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