-The Indian Express Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%. After being nudged by municipalities to step up loan disbursements under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) programme, banks are writing back to report that many of these collateral-free loans are turning into...
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The Threat of Corporate Interests Is a Key Unifying Factor in the Farmer Protests -Ranjini Basu
-TheWire.in While rich farmers, who were so far aloof from the struggle, have been compelled to join the small peasantry in the face of a larger corporate threat, it is yet to be seen if the protests will temper existing inequalities. The present farmers’ struggle knocking at the doors of the capital is a culmination of many streams of ideologies, concerns and a wide class coalition. Like any dynamic mass movement, the...
More »Government offers to put on hold farm laws for 1-1.5 years; Farmer unions to discuss internally
-PTI/ The New Indian Express The two sides decided to meet again on Friday after the union leaders hold their own internal consultations on Thursday to decide on the government's new proposal. NEW DELHI: Yielding some ground to end the nearly two-month-long protest by thousands of farmers on the national capital borders, the government on Wednesday proposed to suspend the three contentious farm laws for 1-1.5 years and set up a joint...
More »Don’t doubt Indian vaccines -G Padmanaban
-The Hindu Vaccination is important to prevent a second wave Several people have questioned the emergency approval given to the indigenously developed COVID-19 vaccine. They have demanded efficacy data and cast aspersions on the regulatory machinery. Such views will only increase vaccine hesitancy. It is not the case that the vaccine developed indigenously is being pushed by vested Interests, while the international vaccines are great. Questions have been raised about the Moderna and...
More »Number Theory: How much does an average Indian earn? -Abhishek Jha
-Hindustan Times The average annual per capita income of households interviewed in the LASI survey conducted in 2017-18 is ₹44,901. This is just about 39% of the per capita income in the same year according to the National Account Statistics India’s per capita annual income in 2019-20 was ₹1,26,968, according to provisional estimates published on January 7. This average, given India’s large income inequality, is not representative of the earnings of average...
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