-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central banker...
More »SEARCH RESULT
Total Matching Records found : 1116
Centre Exempts Certain Mining Projects From Public Hearings -Ayaskant Das
-Newsclick.in The new policy is skewed in favour of the mining industry as mineral-rich areas are populated by the most disadvantaged communities. New Delhi: In a move that could help enrich corporate entities at the cost of some of the most disadvantaged communities of the country, the Narendra Modi government has introduced a policy whereby public hearings will no longer be conducted for certain mining activities. According to a circular issued by the...
More »In bank deposits, a tale of strength and sorrow -Aparna Iyer
-Livemint.com The banking system’s y-o-y deposit growth had slowed to 8.62% by August from about 10% at start of FY22 It is a foregone conclusion that the covid-19 pandemic forced Indians to save more by curtailing the opportunities to spend in FY21. This has stretched to the current financial year because of the second wave of the pandemic. However, a look at the ownership pattern of bank deposits reveals some interesting nuggets. Please...
More »Jobs increased by 29% since 2013, says survey
-The Hindu Quarterly Employment Survey covered 10,593 firms across 9 sectors The All-India Quarterly Establishment-based Employment Survey, in a report released on Monday, said that the overall employment numbers had increased by 29% from the base year of 2013-14. However, in the first quarter of this fiscal (April-June 2021), 27% of the establishments surveyed reported pandemic-related retrenchment. The report, released by Labour and Employment Minister Bhupender Yadav, covered 10,593 firms that employed more than...
More »How local businesses in Bengaluru IT hubs have been badly hit due to WFH -Luke Koshi
-TheNewsMinute.com From eateries to PG hostels and transportation, many businesses in and around the IT hubs have been severely hit with most employees working from home. Gajanana owns a khanavali (a place that serves north Karnataka-style meals) close to Manyata Tech Park in Bengaluru and has been struggling to keep his eatery afloat after the pandemic struck. His business took a drastic hit after most of the IT firms made work from...
More »
