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RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital

-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...

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Three Myths and the Three Farm Laws -Arindam Banerjee

-Vikalpind.in Much of the discourse on the three farm laws are influenced by certain prevailing myths about Indian agriculture and the food situation in the country within the academic and policy-making circles. First, there is a common perception, propagated by the ruling establishment, that India is a ‘food surplus’ nation, particularly with respect to cereals. Our farmers have allegedly over-produced cereals due to the MSP-based government support system. Secondly, any removal...

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Most stillbirths in 2019 happened in India, estimates UN report

Commenting on the recently released fifth round of National Family Health Survey (NFHS-5) data for 17 states and five Union Territories (UTs) in an article published in The Indian Express (dated 6th January, 2021), Arvind Subramanian and his co-authors have stated that India has made progress on certain outcomes, including infant mortality rate (IMR), under-five mortality rate (U5MR) and neonatal mortality rate (NNMR). Relying on various rounds of NFHS data,...

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Community action, with a focus on women’s well-being, can fight malnutrition -Uma Mahadevan Dasgupta

-The Indian Express Anganwadi workers, ASHAs, ANMs and anganwadi supervisors can work together with panchayat members to ensure that all children and mothers are covered with immunisation, antenatal care, maternity benefits and nutrition services On an MGNREGA worksite in Kolar, Karnataka, a male worker came up to me and said that men ought to be paid more than women. I asked him why. “Adhu yaavaagalu hange,” he replied: That was how it...

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Experts raise questions over ‘hasty’ approval for COVID-19 vaccines -Jacob Koshy

-The Hindu They advise against Covaxin, say there is no proof of efficacy. Several experts have raised concern over the “hasty approval” granted to the COVID-19 vaccines despite the lack of adequate efficacy data. The Central Drugs Standard Control Organisation on Sunday accorded approval for restricted emergency use of the Oxford COVID-19 vaccine Covishield, manufactured by the Serum Institute of India (SII), and the indigenously developed vaccine Covaxin of Bharat Biotech. “I’m completely unaware...

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