-National Herald According to the RBI, gross non-performing Assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing Assets of MSMEs increased by Rs. 20,000 crores from September 2020...
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Refund fine, restore seized properties of anti-CAA protesters, SC tells UP Govt
-The Pioneer New Delhi/ Lucknow: The Supreme Court on Friday directed the Uttar Pradesh Government to refund the fine and restore the attached properties of the alleged anti-CAA protesters for causing damage to public and private Assets in December 2019. Terming it as a case of “unjust enrichment”, the court said the State can recover the damages under the new law, once it is established before the claims tribunal that public and...
More »How Nameplate Changes, Sleight of Hand Helped the FM Assemble Budget 2022’s ‘Big Capex Boost’ -Subhash Chandra Garg
-TheWire.in What you lose on the wings, you gain on the roundabouts. With no other major growth investments or policy reforms in the budget, finance minister Nirmala Sitharaman made capital investment the lynchpin of the government’s growth strategy in Budget 2022. Stressing that “the virtuous cycle of investment requires public investment to crowd-in private investment” she took high moral ground to say that the “public investment must continue to take the lead and...
More »Budget: Digital Models and Catchphrases Cannot Dissolve Inequality -Dipa Sinha
-TheWire.in Presenting a budget, especially in the midst of an economic crisis, is an opportunity to communicate a government's vision for the country. This budget fails to do that and seems to be completely disconnected from ground realities. It seems as if the Union finance minister, this year, took the idea of a paperless budget so literally that she has attempted to find digital solutions to most of the country’s problems. The ‘Amrit...
More »NREGA Sangharsh Morcha demands a hike in MGNREGA Budget for FY 2022-23
-Press release by NREGA Sangharsh Morcha dated 30 January, 2022 The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time with the pandemic acting as a catalyst in increasing the woes of such households. In a latest round of survey conducted by People’s Research on...
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