-Livemint.com * Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how * In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC. NEW DELHI: The upcoming Union Budget is a critical one, for it offers an opportunity to reset the economy so that it can boom again in the coming years....
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Bad loans may hit 22-year high by Sept, RBI stress tests show -Shayan Ghosh and Gopika Gopakumar
-Livemint.com The gross bad loan ratio of banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of banks which...
More »India's real GDP to expand by 10.1% in FY2022: Icra
-Livemint.com/ PTI Icra expects the headline CPI inflation to decline to 4.6% in FY2022 from 6.4% in FY2021, while exceeding the mid-point of the Monetary Policy Committee's medium target of 4%, for the third consecutive year MUMBAI: Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1% in FY2022. It, however, said the value of GDP in the next financial year will...
More »Why does poor West Bengal have healthier children than rich Gujarat? -Shoaib Daniyal
-Scroll.in Quality of life seems to have more do with social factors in India than Economic Growth. In 2008, frustrated by the agitation against forcible land acquisition, Tata Motors announced it would exit West Bengal. The company chose to move its Nano car plant to Gujarat. The then chief minister Modi claimed that he made Tata’s entry hassle free, inviting Ratan Tata with an SMS. The incident underlined the gap between Bengal and...
More »Nutritional security could have made the fight against COVID-19 easier -Sheeba Krishnakumar
-Down to Earth This weak link between growth in income and nutritional outcomes requires the attention of policy makers The Covid pandemic reminds us that we may have to fight a battle more than once to win it. Low-income countries like India faced a multi-pronged crisis during the pandemic — containing the infections while being home to 195.9 million of the 821 million undernourished people in the world. Prevalence of undernourishment in India...
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