-The Hindu However, suicides among landowning farmers dropped slightly during pandemic year The number of agricultural labourers who died by suicide in 2020 was 18% higher than the previous year, according to the National Crime Records Bureau (NCRB) report released on Thursday. However, suicides among landowning farmers dropped slightly during the pandemic year. The farm sector was one of the few bright spots in the Indian economy last year, recording growth on the...
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Stop chasing profits at customers' expense, RBI Deputy Governor tells MFIs
-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central banker...
More »Centre to launch two mobile hospitals
-The Hindu The facilities, to be set up in containers, can be sent by rail or air to any part of country. Union Health Minister Mansukh Mandaviya on Tuesday said the recently launched PM Ayushman Bharat Health Infrastructure Mission, with an outlay of more than ₹64,000 crore, is aimed at filling critical gaps in public health infrastructure, especially in critical care and primary care facilities in both urban and rural areas. Speaking at...
More »India’s productivity challenge is especially steep in service sectors -Vidya Mahambare and Sowmya Dhanaraj
-Livemint.com Value-addition per worker needs to rise sharply in several fields for the country to enhance prosperity and reduce inequality It is known that productivity is the key to economic prosperity. How do we raise the productivity of service workers? This is one of the biggest challenges that India faces which hasn’t yet received much attention. Why is this important? First, low and medium-productivity service sectors (services except real estate, business and professional...
More »Govt plans to set up expert panel for drafting first National Employment Policy -Shreeja Singh
-Moneycontrol.com The NEP seeks to lay out a sector-wise strategy to improve the potential of job creation by drawing investments to employment-intensive sectors, policy interventions and attracting new industries by creating an enabling environment. The government is looking to set up a committee as a part of the National Employment Policy (NEP) that seeks to draw up a roadmap to improve job opportunities in the country. The committee will include representatives from the...
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