-IANS/ National Herald In a shocking incident, four school-going children were issued job cards, and Bank Accounts were opened in their names, under the MGNREGA in Gujarat's Chhota Udaipur district In a shocking incident, four school-going children were issued job cards, and Bank Accounts were opened in their names, under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Gujarat's Chhotaudepur district. As the district administration learned about this, the District Development...

-Newsclick.in The relatively new and fragile start-up ecosystem is not a solution to the larger problem of pauperisation of the working population of the country. In May 2022, a report in the magazine, The Economist, claimed that “a novel confluence of forces stands to transform India’s economy over the next decade, improving the lives of 1.4 billion people and changing the balance of power in Asia. Technological leaps, the energy transition, and...

-The Telegraph The finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, gold, electronic goods and chemicals. The finance ministry has...

-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...

-Down to Earth More than half of population without access to banking lives in 7 developing countries: World Bank India is among seven countries home to half the world’s 1.4 billion adults without access to formal banking, a recent World Bank report has flagged. The report also noted that in Sub-Saharan Africa, young adults (ages 15–24) make up almost 40 per cent of those without access to banking. But in some European and...