-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will generate more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
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How a guerrilla campaign made history by pushing mental health into Cong, CPM's election manifestos -Tanmoy Goswami
-The Economic Times A campaign called 'Bridge the Care Gap' has been lobbying political parties to commit to the implementation of the Mental Healthcare Act and the National Mental Health Policy On April 2, Rahul Gandhi, Sonia Gandhi, and other senior Congress leaders unveiled the party's manifesto for the Lok Sabha elections. The Congress website crashed with a huge spike in traffic. Most analyses of the manifesto focused on the usual themes...
More »Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile
-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
More »Congress' election manifesto is the right document at the wrong time: Yogendra Yadav
-ThePrint.in The priorities listed by Rahul Gandhi are arguably the issues India should focus on: poverty, farm distress, unemployment, health and the sense of fear. The launch of the Congress’s manifesto Tuesday marked a missed opportunity in this historic Lok Sabha election. Not because this manifesto is a bad document. As far as manifestos of mainstream parties go, this one is more cogent and thought-through than the run-of-the-mill documents. Congress president Rahul...
More »YV Reddy, former Reserve Bank of India governor and chairperson of the 14th Finance Commission, interviewed by Roshan Kishore (Hindustan Times)
-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...
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