-Business Standard The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago Mumbai: Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand destruction. In contrast, banks are trying to cope with the huge inflow of money as people deposited Rs 4,03,000 crore during the same period. The outstanding credit of banking system in...
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Accounting for natural capital -Prakash Nelliyat
-The Hindu Biodiversity integration into developmental plans is crucial for sustainable development In a ‘Mann Ki Baat’ broadcast recently, Prime Minister Narendra Modi made his environmental concerns clear when he asked people to use Ganesha and Durga idols made of clay instead of plaster of Paris. His appeal is bound to stimulate our environmental consciousness and encourage the preservation of precious natural resources. We need to build on this appeal and follow...
More »Cash Crunch: Slowdown, more pain ahead, warns Kaushik Basu -George Mathew & Priyanka Sahoo
-The Indian Express According to him, the currency shortage in the country is unlikely to ease any time in the near future. Mumbai: India’s former Chief Economic Advisor and former chief economist of the World Bank, Kaushik Basu has warned the government that the economy would take a turn for the worse next year besides greater suffering for people in the days ahead and of a new form of corruption building...
More »More than 26% of farmers covered under govt's crop insurance scheme
-The Financial Express More than 3.66 crore farmers of the estimated 14 crore in the country were enrolled with the NDA government’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) in the recently-concluded kharif season (2016-17) and overall coverage of crop insurance is set to surpass the target set for the year, an Agriculture ministry statement on Wednesday stated. “As on date the scheme has provided coverage to 3.66 crore farmers (26.50%) and...
More »Will note ban dry up informal loans in rural India? -Sayantan Bera
-Livemint.com Nearly 40% of loans taken by agricultural households come from informal sources, shows data New Delhi: Demonetisation of high value currency has impacted the rural and Agriculture sectors in several ways. In the days following Prime Minister Narendra Modi announcing withdrawal of Rs500 and Rs1,000 notes, trade in wholesale markets took a hit due to the acute cash crunch and farmers resorted to distress sales of perishables like fruits and vegetables....
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