A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
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ATMs run out of notes: Here's the reason behind the massive cash crunch -Somesh Jha
-Business Standard Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth Automated Teller Machines (ATMs) across various states are running dry with the present situation reminiscent of demonetisation of high-value currency notes one-and-a-half years back. States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by...
More »GDP numbers have brought cheer, but Indian economy needs a more even path to growth -Radhika Pandey, Amey Sapre and Pramod Sinha
-ThePrint.in Growing CAD, weak bank Deposit Growth, and fiscal deficit surpassing estimates cause for worry. The Central Statistics Office (CSO) recently released the Second Advance Estimates (2nd AE) for 2017-18, and the 3rd quarter GDP growth figures for October-December 2017. The new numbers have added some cheer to the disappointing state of affairs in the economy. The aggregate gross domestic product (GDP) registered a healthy growth of 7.2 per cent, while the gross...
More »SBI's Budget 2018 pitch: Increase income tax exemption limit to Rs 3 lakh
-PTI NEW DELHI: With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said on Monday. The move will benefit around 75 lakh people, it said. The SBI's Ecowrap report further said that if the exemption limit of interest payments under housing loan is increased to Rs 2.5 lakhs for existing home loan...
More »A misleading story of job creation -Praveen Chakravarty & Jairam Ramesh
-The Hindu India does not create 55 lakh new jobs every year, as claimed by a new report A recent research report titled “Towards a Payroll Reporting in India” authored by the Group Chief Economic Adviser of the State Bank of India and a professor from the Indian Institute of Management, Bangalore has caught the media’s and the Prime Minister’s fancy. Ostensibly, the main objective of the report was to make a...
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