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Can Unicorns Become Growth Engines of India’s Economy? -Shinzani Jain

-Newsclick.in The relatively new and fragile start-up Ecosystem is not a solution to the larger problem of pauperisation of the working population of the country. In May 2022, a report in the magazine, The Economist, claimed that “a novel confluence of forces stands to transform India’s economy over the next decade, improving the lives of 1.4 billion people and changing the balance of power in Asia. Technological leaps, the energy transition, and...

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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...

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Four key climate change indicators break records in 2021: WMO

-Press release by World Meteorological Organization (WMO) dated 18 May 2022 Geneva, 18 May 2022 (WMO): Four key climate change indicators – greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification – set new records in 2021. This is yet another clear sign that human activities are causing planetary scale changes on land, in the ocean, and in the atmosphere, with harmful and long-lasting ramifications for sustainable development and...

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The UN report that highlights India’s vulnerability to drought -Priyali Prakash

-The Hindu More than a billion people around the world were affected by drought in 2000-19, making it the second-worst disaster after flooding. The story so far: A United Nations report has revealed that many parts of India fall under the list of regions that are vulnerable to drought globally. The report also stated that India’s Gross Domestic Product (GDP) reduced by 2 to 5 per cent between 1998 and 2017 due...

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Honey, we shrunk their habitat: A film explores how wild bees are coping in cities -Sravasti Datta

-TheNewsMinute.com ‘Colonies in conflict’, directed by Rajani Mani, follows migratory giant Asian honey bees to reveal how human action is driving bee decline. When documentary filmmaker Rajani Mani moved into a high-rise apartment in Bengaluru in 2015, the massive beehives on the balconies and ledges of the top floors caught her eye. She was concerned, however, about the use of fire, smoke and pesticides to remove the hives which could endanger the...

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