-PTI/ The Hindu RBI says credit growth has been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
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Rain deficit stays big in UP and Bihar, on the mend in rest of East India -Vinson Kurian
-The Hindu Business Line Fresh circulation forms in Bay, triggers another spell over East and Central India Rain deficit over East and North-East India has improved markedly except in Bihar and Uttar Pradeshwhere it stays above 40 per cent even as the monsoon enters the last week of this penultimate month of August, also normally the second rainiest, and stays moderate to strong over other parts of the country on Wednesday morning. The...
More »IMF paints a gloomy growth picture -Partha Ray and Parthapratim Pal
-The Hindu Business Line Nations must rely more on innovative, home-grown solutions to deal with the uncertain economic situation The International Monetary Fund (IMF), in its latest July 2022 World Economic Outlook (WEO) Update, foretells a story of a gloomy and more uncertain outlook for the global economy. While the global growth was projected at 3.6 per cent in April 2022, as per the latest July 2022 projections, it is 3.2 per...
More »Change in rainfall patterns is behind regular floods in Rajasthan -Anil Ashwani Sharma
-Down to Earth Number of ‘heavy rain’ days have gone up in recent years, finds IMD analysis Climate change might be behind the change in rainfall pattern in recent years, leading to regular floods. The rainfall pattern in the state has changed over the last decade, with a greater number of ‘heavy rain’ days. Days receiving more than 65 millimetres of rainfall are called ‘heavy rainfall’ days. Western, eastern and southern districts of the...
More »Backsliding on climate action -TS Tirumurti
-The Hindu Western nations have started reinterpreting the Paris deal and look to downgrade their commitments Countries in Europe led by Germany, Austria and the Netherlands are cranking up their coal plants again. Coal exports to Europe are surging. Fossil fuels are making a comeback and countries are rejecting the European Union (EU)’s plan to reduce natural gas consumption by 15%. Dutch, Polish and other European farmers are protesting against emission cuts...
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