-Newsclick.in Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve. In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks...
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Beyond India @75: Growth, Inclusion and Sustainability -S Mahendra Dev
-Indira Gandhi Institute of Development Research, Mumbai There have been many successes and failures in economic and social development of India in the last 75 years. The recent covid-19 pandemic had also an adverse impact on growth, employment, health and education etc. In this paper, issues and policies are discussed beyond India@75 for achieving growth, inclusion and development. As India is integrated with the world, global issues are also important for...
More »As migrant workers return to work, domestic remittances rise -Surabhi
-The Hindu Business Line The trend signals normalisation of economic activities to pre-Covid levels With economic activities reverting to normal on most fronts, domestic remittances by migrant workers, too, has touched pre-Covid level and in fact is even higher, according to payment players. “Things have got back to normal, we see a lot of activity in the market. People have gone back to jobs and continue to send money. That market continues to...
More »SBI signs master agreement with Adani Capital for co-lending to farmers
-The Hindu Business Line To target farmer customers in the hinterland looking for adoption of farm mechanisation State Bank of India (SBI) has signed a master agreement with Adani Capital for co-lending to farmers for purchase of tractor and farm implements, to increase efficiency in farm operations and productivity of crops. Adani Capital is the non-Banking finance company (NBFC) arm of Adani Group. Please click here to read more. ...
More »Banks' NPAs kept rising in the past due to lack of transparency: PM Modi
-Livemint.com PM Modi said due to the lack of transparency in the country's Banking sector earlier, various practices used to take place Audit Diwas: Prime Minister Narendra Modi on Tuesday said that banks' NPAs kept increasing in the past due lack of a lack of transparency in the Banking sector. He said due to the lack of transparency in the country's Banking sector earlier, various practices used to take place. “As a...
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