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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative

Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

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AP sees major rise in MGNREGA work amid pandemic, Rs 10.52 crore wages pending -Jahnavi Reddy

-TheNewsMinute.com More than 3 lakh families have already completed the 100 guaranteed workdays under the scheme, according to a report based on data from April to September. More than 3.3 lakh new job cards have been issued this year in Andhra Pradesh under the Mahatma Gandhi National Rural Employment Guarantee Act scheme (MGNREGA), a recent report has revealed. The report, which looks at the implementation of the MGNREGA scheme during the six-month...

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Keep a close eye: Social audits in India -Santosh Kumar Biswal and Uttam Chakraborty

-The Telegraph The government has not institutionalized SAUs which are at times intimidated when it comes to accessing data on various programmes The auditing agility of government programmes seems to have gained strength. After the recent floods in Assam, the state planned to carry out a social audit of relief measures to look into corruption and bribery. This is the first time that any government is trying to reinforce a social audit...

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Ankhi Das’s Exit from Facebook Is Not Enough for Indian Users -K Raveendran

-Newsclick.in The WSJ report highlighted how important the Indian market was for the business of Facebook, as the platform is banned in China, the only other country with the potential of a billion customers. Ankhi Das, who through her own interpretation of her role as public policy director of Facebook in India gave a tinge of saffron to the social media giant’s blue colour scheme, has finally exited the India operations. She...

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Has Bangladesh’s economic rise taken the wind out of the NRC narrative? -Shoaib Daniyal

-Scroll.in The final NRC data seems to have belied myths about both the quantum of migration from Bangladesh as well as the religious affilitation of the migrants. For more than five decades now, fear of migration from Bangladesh (and earlier Pakistan’s East Bengal province) has influenced the politics of Assam. To justify this, very high estimates of numbers of Bangladeshi migrants have been put out in the public domain in India. In 1997,...

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