-The Free Press Journal Today’s budget speech of the Finance Minister was more about Government’s intentions, intentions for a long term horizon like 25 years and little on this years’ specific plans. There is an oft-spoken phrase – where there is a will there's a way. If the policies of a Government is its Will then the Budget is meant to give the Way by providing the means with funds. Today’s budget...
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National Coalition on the Education Emergency releases Policy Trackers on State Education Finances and School Opening Status
--Press release by the National Coalition on the Education Emergency (NCEE) dated January 29, 2022 An education emergency of unprecedented proportions has severely impacted hundreds of millions of children in India. Prolonged school closures have caused learning deprivation, student dropout, increased child labour, malnutrition, and early marriages that are compromising the future of our country. It is time to open schools and massively increase funding of public education with a clear focus...
More »MSMEs: Engines of growth for new India -M Srikanth and KG Suresh
-The Hindu Business Line From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement...
More »NREGA Tracker: Nearly 90 per cent of the allocated NREGA budget for 2021-22 has been used up, with 5 months of the programme still remaining
-GaonConnection.com The half-yearly MG-NREGA National tracker launched by PAEG today highlighted that 90 per cent of the allocated budget has been used up with 5 months of the programme still remaining and the remaining funds available can cover at most 13 days of employment per household till March 31, 2022. More details here. In her opening statement at the joint press conference conducted by Peoples’ Action for Employment Guarantee (PAEG) and LibTech...
More »RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra
-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...
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