-The Hindu A national policy for internal migration is needed to improve earnings and enable an exit from poverty Though migration is expected to enhance consumption and lift families out of absolute poverty at the origin, it is not free from distress — distress due to unemployment or underemployment in agriculture, natural calamities, and input/output market imperfections. Internal migration can be driven by push and/or pull factors. In India, over the recent...
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SC to RBI: Reply to plea over banks not passing on rate cuts -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court asked the Reserve Bank of India on Monday to break its 10-month silence and reveal its decision on complaints that banks do not reduce floating interest rates on existing loans for buying homes, vehicles or consumer durables proportionate to its repo rate cuts (rate at which RBI lends money to banks). Petitioner ‘MoneyLife Foundation’ told the court that it wrote to RBI last...
More »RBI data on Public Sector Banks: In four years, banks' write-off over seven times recovery -Anil Sasi
-The Indian Express Even as the government has been trying to shore up PSB books through equity capital infusion and other measures, stressed assets have registered a steady rise since 2011. New Delhi: Between April 2014 and April 2018, the country’s 21 State-owned banks ended up writing off Rs 3,16,500 crore of loans even as they recovered Rs 44,900 crore written off on a cumulative basis — or less than one-seventh the...
More »Eastern UP's forest dwellers are finally on the revenue map -Omar Rashid
-The Hindu Vantangiyas, who derive their name from a Burmese tradition of hill cultivation, have lived in tin shacks without toilets for decades Gorakhpur (Uttar Pradesh): There is no proper road to Jungle Tinkonia-3. As its name suggests, one must pass a woodland of sal and teak trees to reach it. The situation gets even more precarious during monsoons and medical emergencies, as the village does not have any health centre. Its infrastructure is...
More »Maitreesh Ghatak, Professor of Economics at London School of Economics, interviewed by Tathagata Bhattacharya (National Herald)
-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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