-PTI/ The Hindu RBI says credit growth has been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
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Damage overstated -Anamitra Anurag Danda
-The Telegraph Amplifying the capacity of mangroves as bio-shields against extreme events possibly helped Bengal tap into MGNREGA funds Within weeks of the Indian Ocean tsunami on December 26, 2004, I was watching video clips of the event at the Choto Mollakhali market in the Gosaba block of South 24 Parganas. One message that came through these video clips was that fewer lives were lost where there was coastal vegetation. This positively...
More »TB nutrition aid falls short -Taran Deol
-Down to Earth Hurdles in availing financial support under Nikshay Poshan Yojana will exacerbate India’s tuberculosis crisis Only two-thirds of people living with tuberculosis benefitted from the Union government’s sole nutrition support scheme last year, highlighting bottlenecks in the fight against a major public health concern. The Nikshay Poshan Yojana entitles every tuberculosis (TB) patient, seeking treatment in either the public or private SECtor, to a direct benefit transfer (DBT) of Rs 500...
More »Rain deficit stays big in UP and Bihar, on the mend in rest of East India -Vinson Kurian
-The Hindu Business Line Fresh circulation forms in Bay, triggers another spell over East and Central India Rain deficit over East and North-East India has improved markedly except in Bihar and Uttar Pradeshwhere it stays above 40 per cent even as the monsoon enters the last week of this penultimate month of August, also normally the SECond rainiest, and stays moderate to strong over other parts of the country on Wednesday morning. The...
More »Public SECtor banks have ensured financial inclusion, finds a new empirical study
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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