-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
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Why India's New GDP Math Lacks Credibility -MK Venu
-TheWire.in The new back-series GDP data, released four months before the 2019 general elections, fails several common sense tests. India’s back-series GDP (gross domestic product) data, released by the NITI Aayog just four months before the 2019 general elections, turn the basic laws of macroeconomics on their head. Here’s one that is most intriguing. The data show lower GDP growth during the UPA years, which is when the gross investment to GDP...
More »Why parties prefer freebies to investments in election manifestoes -Ashok Gulati
-Financial Express It is the season of promising freebies to lure voters. Congress leads in these promises. It has promised a loan waiver in Chhattisgarh within 10 days of coming to power; and the hiking of minimum support price (MSP) of paddy to Rs 2,500/quintal, up from Rs 1,750/quintal, a 43% raise over the already increased MSP of paddy. In Madhya Pradesh, it has promised a loan waiver of up to...
More »Mathadi workers in Maharashtra to join traders' bandh today -Nanda Kasabe
-Financial Express Mathadi leaders Shashikant Shinde and Narendra Patil met Minister for Cooperation and Marketing Subhash Deshmukh and had sought more clarity on the role of commission agents in APMCs as well as transactions on eNAM After traders at Vashi in Maharashtra called for a one-day bandh on Tuesday against the Maharashtra Agricultural Produce Marketing Development and the Regulation Act Ordinance, over 4-5 lakh Mathadi ( workers who carry loads) workers...
More »Perils of over promising -Ashok Gulati
-The Indian Express Manifesto pledges to raise farmers’ incomes and increase MSPs take away focus from the structural reforms that are urgently required. It is a season of promising freebies to lure voters. The Congress leads in making these promises. The party has promised to waive farmers’ Loans in Chhattisgarh within 10 days if it is voted to office. It has also promised a hike in minimum support price (MSP) of...
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