-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
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As labour-intensive sectors take a hit, exports dip in March
-The Hindu Business Line Trade deficit widens as imports rise; exporters worried about future New Delhi: A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6 per cent to $29.11 billion in March 2018. Exporters are worried as several of the sectors that have taken a hit are labour-intensive, which they say is due to liquidity problems. Exports, however,...
More »Pradhan Mantri Kaushal Vikas Yojana 2.0: Renewed push falls short -Anil Sasi
-The Indian Express Various changes have been introduced in the execution of the government's skilling programme to generate more jobs, but to no avail. An average of just over one out of six people trained under the scheme have found a job. The government’s flagship skilling scheme — Pradhan Mantri Kaushal Vikas Yojana (PMKVY) — continues to grapple with the issue of achieving end-results, despite fresh attempts to redirect its focus to...
More »WTO Summit: What is the biggest takeaway for India; find out here -Biswajit Dhar
-The Financial Express Yet another WTO Ministerial Conference has ended with the 164 members of the organisation failing to agree on how to take the agenda of the organisation forward. At the end of the 11th Ministerial Conference (MC11), there should be no doubt that the WTO has lost its way. Trade ministers have failed to deliver a work programme for the WTO for the second time in a row—a first...
More »Pradhan Mantri Kaushal Vikas Yojana flounders: 30 lakh trained in skills, less than 3 lakh get job offers -Aanchal Magazine & Anil Sasi
-The Indian Express With the scheme floundering, the Centre is now planning to shift focus to district-level schemes to yield better results in the short-term for its skilling initiative. The government’s flagship skilling scheme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), is struggling to achieve end-results. Data for the PMKVY scheme until the first week of July 2017 reveals that out of a total 30.67 lakh candidates who had been trained or...
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