-The Hindu Business Line The Centre should build on the success of PMJDY to promote other financial products for the lower SECtions of society As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes its eighth year, it is becoming increasingly clear that this is a rare State-initiated welfare scheme that has not just met but exceeded its initial promise. That the scheme has made a material difference to financial inclusion is evident...
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At India’s Climate, Finance and Policy InterSECtion, Big Infra Remains King -Amitanshu Verma
-TheWire.in * As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. * A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide. * Indian commercial banks’ large-scale investment in Big Infra has exposed the Indian people’s savings and personal investments to...
More »World is worried about India banning rice exports, but no threat to food SECurity yet -Shweta Saini and Siraj Hussain
-ThePrint.in 2022 is emerging to be unique for Indian agriculture. Both the staple crops of rice and wheat appear to be suffering production losses. The World Bank’s food SECurity update of August 2022 flagged how global concerns over the likelihood of a rice export ban by India are rising. It noted that “exporters, concerned that export restrictions will be introduced (as has been done for wheat), are moving quickly to open letters...
More »Number theory: Shrinking public SECtor employment and its costs -Pabitra Chowdhury and Rosa Abraham
-Hindustan Times As the public SECtor has contracted, there has been no other good employer that has emerged to take its place despite the economic expansion of manufacturing and services SECtors. Despite several decades of rapid growth of the private SECtor in India, the allure of a public SECtor job, historically associated with SECurity, steady pay, and multiple benefits, continues to remain strong for most Indians. The protests following the announcement of...
More »Govt expects higher rice procurement of 518 LT in Kharif season despite output worries
-PTI/ Moneycontrol.com The estimates were finalised after discussion with state food SECretaries and Food Corporation of India (FCI) officials in a meeting chaired by Union Food SECretary Sudhanshu Pandey here. The government fixed the rice procurement estimate for the central pool at 518 lakh tonnes (LT) for the current Kharif season, up by 1.60 per cent from the last year despite production concerns. The estimates were finalised after discussion with state food SECretaries...
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