-The Indian Express PM wary of open-ended provisions: Fund for MSME with guarantee likely. AS the Covid pandemic and the prolonged lockdown batter all sectors of the economy, the government, sources said, is working on a rescue package that, for now, may address the needs of the micro, small and medium enterprise (MSME) segment rather than the larger corporate sector. More than six meetings have been held at the Prime Minister’s Office —...
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Size of the population susceptible to coronavirus infection is significant
Between 25th and 30th of March, 2020, the total number of confirmed COVID-19 cases in India has more than doubled i.e. from 519 to 1,251, according to the data released by the Ministry of Health and Family Welfare (MoHFW). In a span of 6 days, the total number of deaths from COVID-19 has more than trebled i.e. from 9 to 32. In a health situation like this, when the coronavirus...
More »Government, RBI didn’t bother to read the Balance Sheet of Yes Bank, says Chidambaram -Sobhana K Nair
-The Hindu It is only part of mismanagement of financial institutions under BJP government watch, says ex-Finance Minister The government and the RBI didn’t bother to read the Balance Sheet of the Yes Bank, former Finance Minister P. Chidambaram said pointing out to the unusual growth in the loan book at the rate of 35% a year between March 2014 to March 2019. The loan book registered registered a spike especially in 2016-17...
More »Explained: Reading the new Forest Report -Jay Mazoomdaar
-The Indian Express State of Forest Report 2019 has shown a 1,275 sq km gain in very dense forest, but what this statistic masks is the fact that the country continues to lose its best natural forests. A look at what was gained and lost. India’s forest cover has increased by 3,976 sq km or 0.56% since 2017. For the second successive time since 2007, the biennial State of Forest Report (SFR)...
More »India facing 'Great Slowdown', economy headed to ICU: Arvind Subramanian
-PTI * Subramanian had flagged the problem of debt accumulated by private corporates becoming NPA of banks back in December 2014 * At that time, he was CEA to the Narendra Modi government NEW DELHI: India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin Balance Sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said. Subramanian, who was...
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