-Financial Express The credit outstanding to industry stood at Rs 32.4 trillion as of September 23, according to the data. The banking sector lending to industry has picked up, led by disbursals to the micro, small and medium enterprises (MSME) sector. Bank credit to industry improved 12.6% year-on-year in September, compared to a muted 1.7% growth in the same month last year, data released by the Reserve Bank of India (RBI) showed. Banks’...
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Morbi bridge collapse: Renovation company booked for ‘callous approach’; 9 held
-Hindustan Times The police on Monday arrested nine persons, INCluding four officials of Oreva group, the company that renovated the bridge and opened it for public on October 26 days, four days before it collapsed on Sunday. Morbi: The police on Monday arrested nine persons, INCluding four officials of Oreva group, the company that renovated the bridge and opened it for public on October 26 days, four days before it collapsed on...
More »How do voters assess the Gujarat government? -Vibha Attri and Vanshika Sharma
-The Hindu While the BJP-led State government is rated positively, there is not a great deal of endorsement for its famed development record The Bharatiya Janata Party (BJP) formed the government in Gujarat in 1995. SINCe then, it has more or less remained in power. Now, it is seeking yet another term. The Lokniti-Centre for the Study of Developing Societies (CSDS) survey sought to gauge public opinion in Gujarat on the government’s performance...
More »MSMEs have shown resilience in the face of steep challenges -V Anantha Nageswaran and Gurvinder Kaur
-Livemint.com Public support measures helped India’s small businesses survive the pandemic better than feared The robust recovery of India’s economy from the profound shock of the covid pandemic has expectedly triggered debates about the nature of this recovery. While our economic recovery, as reflected in various supply and demand indicators, is acknowledged by many unbiased observers, an examination of its INClusivity is necessary. As an immediate response to the pandemic, the government put...
More »Decentralise MGNREGS for better implementation, says study -Sobhana K Nair
-The Hindu Allow more flexibility at the ground level, says internal study commissioned by the Ministry of Rural Development An internal study commissioned by the Ministry of Rural Development has argued for decentralisation of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), allowing for more “flexibility” at the ground level. The Ministry recently made public the report of the sixth Common Review Mission which surveyed seven States — Andhra Pradesh, Arunachal Pradesh,...
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