-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »SEARCH RESULT
Total Matching Records found : 2558
India’s workforce demands fiscal support following the second wave of Covid-19! -Vallari Sanzgiri
-SabrangIndia.in On-ground voices and detailed reports highlight the need for cash transfers to keep vulnerable groups afloat in face of a growing unemployment Many experts and reports analysing the socio-economic impact of Covid-19 have demanded fiscal support for India’s vulnerable and below poverty line (BPL) population amidst the Covid-19 crisis. On June 17, 2021, this notion was reaffirmed when Confederation of Indian Industry (CII) President T. V. Narendran said, “There is an estimated...
More »‘Record’ FDI inflows, yes, cause for celebration, no -Biswajit Dhar and KS Chalapati Rao
-The Hindu The inflows during 2020-21 have not been in sync with the Government’s priorities for economic recovery In an otherwise gloomy economic scenario, one area of cheer for the Government has been the numbers on inflows of foreign direct investment (FDI). In a recent press release, the Ministry of Commerce and Industry announced that “India has attracted highest ever total FDI inflow of U.S.$81.72 billion during the financial year 2020-21 and...
More »Covid-19: How Compliant Media Erodes Democracy - Vihang Jumle and Vignesh Karthik KR
-Newsclick.in It should worry everybody that a section of media recast ground realities to make them seem less despite panic and despair during the second wave. When the second wave of the pandemic was raging through India in April and May, at least one Indian was dying of Covid-19 every 30 seconds [since 28 April 2021]. India set a new record for the highest number of daily new infections and deaths. A...
More »Jobs Carnage – 2.5 crore Jobs Lost Since January - Subodh Varma
-Newsclick.in Construction, manufacturing, hospitality sectors most affected. Over 1.7 crore daily wage workers lose jobs. Over 2.5 crore existing jobs have been lost between January and May 2021. The bulk of these losses – about 2.2 crore – have occurred in April and May, the period in which India was engulfed in a brutal second wave of COVID-19, leading to state-level lockdowns of varying degrees. These chilling figures emerge from the latest...
More »
