In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
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A peek into the Modi government's (likely) budget 2023 - CNES Infosphere
- Deepanshu Mohan, Soumya Marri, Bilquis Calcuttawala, Malhaar Kasodekar, Aniruddh Bhaskaran and Hemang Sharma A pre-budget deep dive by the Centre for New Economic Studies (CNES) Infosphere team has come up with some interesting takeaways. The analysis has looked at past macroeconomic and budget trends to set the tone for Budget 2023-24. They do this by looking at capital and revenue expenditure, sectoral analysis of budget expenditure and a scheme-wise allocation...
More »Enrollment levels highest in a decade, sharp drop in reading ability of children - ASER 2022 report
- Annual Status of Education Report, 2022 The Covid-19 pandemic resulted in some of the longest school lockdowns in the world in India. How has it affected learning and literacy? The Annual Status of Education Report (ASER) 2022 reveals a mixed bag of results. Here are the most important findings: * Enrollment levels have reached the highest level since the implementation of the Right to Education Act was implemented in 2009....
More »India's wheat output may set new record of over 112 lakh tonnes in 2022-23 - PTI/Economic Times
The country's wheat production is likely to set a new record of more than 112 million tonnes in the 2022-23 crop year (July-June), government officials told Press Trust of India. Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in the 2021-22 crop year, as per agriculture ministry data. In 2020-21, the country had achieved a record wheat output of 109.59 million tonnes....
More »The Centre has not paid MGNREGA wages in Bengal for a year - Nachiket Deuskar
- Scroll.in The right to work has been suspended in the state as a result of a political battle over upcoming elections. People working under the Mahatma Gandhi National Rural Employment Guarantee Act in West Bengal have not been paid their wages for more than a year now with the Union government stopping the payment of funds. Bengal is the only state impacted by this stoppage, Scroll.in reports. MGNREGA is a national...
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