Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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The Jute Press -Chandrima S Bhattacharya
-The Telegraph After decades, Bengal’s jute mills are witnessing a steady influx of women workers, The Telegraph on the troubles woven into the trend When an industry opens its doors to women workers, it can expose how regressive its factory floor is. The face of the jute industry in Bengal has changed over the last 50 years; now more than ever because of the large presence of women. Once these mills were known...
More »Review: RBI paper highlights the risk in the Finances of 10 States -Sai Krishna Muthyanolla
-Factly.in The RBI recently published an article State finances and the Risk Analysis. The article aims to look at the fiscal vulnerability of Indian States & emphasises on ten heavily debt-burdened states in India based on the debt-GSDP ratio in 2020-21. These ten states also account for around half of the total expenditure by all state governments in India. Here is a review. Effective and efficient public finance management is said to...
More »The Return of Food Inflation: Why it’s Different this time -Samridhi Agarwal and Harish Damodaran
-Centre for Policy Research Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India’s (RBI) target of 4%, but even its upper tolerance level of 6%, for every month from January to May. If we take the 38 months from April 2019 to May 2022 – roughly coinciding with the Narendra Modi-led government’s second term (Modi 2.0) –...
More »70 per cent of 10-year-olds in 'learning poverty', unable to read and understand a simple text
-Press release by UNICEF dated 23 June, 2022 COVID-19 worsens global learning crisis, risking $21 trillion in lifetime earnings WASHINGTON: As a result of the worst shock to education and learning in recorded history, learning poverty has increased by a third in low- and middle-income countries, with an estimated 70 per cent of 10-year-olds unable to understand a simple written text, according to a new report published today by the World Bank,...
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