In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...

The country's wheat production is likely to set a new record of more than 112 million tonnes in the 2022-23 crop year (July-June), government officials told Press Trust of India. Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in the 2021-22 crop year, as per agriculture ministry data. In 2020-21, the country had achieved a record wheat output of 109.59 million tonnes....

A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...

-Down to Earth Veteran environmentalist spoke to Down To Earth about the ongoing disaster in Uttarakhand   Since the past one week, a major tragedy has been unfolding in the high Himalayas of Uttarakhand. The historic temple town of Joshimath, the gateway to the shrine of Badrinath, has been witnessing scenes of panic and anger as locals protest the cracks in the area. From houses to temples to commercial establishments, nothing has...

-Newsclick.in Joshimath is a serious warning signal. Any realistic development strategy should balance infra development, acceptable levels of risk, and carrying capacity of the terrai, says the noted expert on earthquakes. Dr. CP Rajendran is among India’s foremost experts on seismo-tectonics, earthquakes and tsunami geology. He is also a strong critic of the development model being pursued in Uttarakhand, a hilly state where the intensity of large-scale infrastructure projects has been rising...