-The Hindu Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman In a barely veiled signal to Mint Street, Finance Minister Nirmala Sitharaman said on Thursday that monetary policy tools like interest rate increases deployed by several central Banks would not suffice to cool inflation and suggested that the Reserve Bank of India need not synchronise its actions ‘as much’ with its counterparts in developed countries. While monetary policy as...
More »SEARCH RESULT
Total Matching Records found : 2404
What explains the disastrous floods in Pakistan this year? -Sandipan Talukdar
-Peoples' Dispatch A convergence of factors such as extreme heat waves, melting glaciers, and heavy monsoon rainfall explains the scale of floods in the country. All these factors are connected to climate change Floods have devastated Pakistan this year, with 33 million people affected and more than 1,200 killed. Rivers breaching their Banks coupled with the bursting of glacial lakes inundated almost one-third of the country, causing a massive economic loss. Recovery...
More »About 300 branches of PSU Banks to be opened in these states by Dec 2022
-PTI/ Livemint.com Among these 300 new branches, the maximum number of PSU Banks will be opened in Rajasthan with 95 branches, followed by 54 in Madhya Pradesh, 38 in Gujarat, 33 in Maharashtra, 32 in Jharkhand, and 31 in Uttar Pradesh. About 300 brick-and-mortar branches of public sector Banks will be opened in the unbanked areas of various states by December 2022, according to sources as quoted by the news agency PTI....
More »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 »Inclusion success
-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...
More »
