-PTI/ The Hindu India has exported 1.8 million tonnes of wheat to a dozen-odd countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey. About 33,000 tonnes of wheat as humanitarian assistance has already been supplied to Afghanistan against the commitment of 50,000 tonne, he said. Mr. Pandey, addressing a ministerial conference on ‘uniting for global food security’ held at Berlin,...
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Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report
-Livemint.com From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket size of MSME loans increased by 92%, the data on MSME loans showed. Total loan sanctioned to MSMEs stood at ₹37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau. From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket...
More »Economist recounts boom-to-gloom experience of Argentina -Joyjit Ghosh
-The Telegraph Kaushik Basu credits country’s intellectual influx and links its downfall to the practice of hyper-nationalism by junta in 1930s Calcutta: The pursuit of hawkish nationalism is detrimental to the growth of a country’s economy, Kaushik Basu, C. Marks Professor of international studies and professor of economics at Cornell University, said at Para in Purulia on Thursday. “We cannot be hyper-nationalistic…,” Basu said while delivering a lecture on “India’s economy and the...
More »At the centre of job creation -KR Shyam Sundar
-The Hindu The government should re-establish its role as the principal employment generator With his announcement that 10 lakh government jobs will be provided over the next 18 months on a “mission mode”, Prime Minister Narendra Modi sent four messages. One, the creation of employment is indeed a problem and can no longer be hidden from the public discourse. Two, the private sector, especially modern sectors such as the service and manufacturing...
More »As Modi Celebrates Eight Years as PM, Three Economic Faultlines That Can't Be Ignored -Arun Kumar
-TheWire.in In the last three years, the Indian economy has been in crisis even if its organized sector has been doing well. Three years of Narendra Modi’s second stint as Prime Minister was celebrated by the Bharatiya Janata Party earlier this month. The self-congratulatory campaign, however, was spoiled quickly by a succession of events, all of which point to what has gone wrong during his tenure. First came the news that the economy...
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