-IANS/Business Standard A recent report titled by the National Bank for Agriculture & Rural Development (NABARD) has pointed out that West Bengal's farming sector is lagging behind other states on two crucial counts. A recent report titled "Farmers' Welfare: An analysis across states of India," by the National Bank for Agriculture & Rural Development (NABARD) has pointed out that West Bengal's farming sector is lagging behind other states on two crucial counts. The...
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Poorer India: Editorial on World Bank data on poverty line
-The Telegraph According to a recent estimate, about 80 per cent of the 70 million people who slipped below the poverty line worldwide during the pandemic were from India Poverty numbers can be confusing as they depend on the choice of the poverty line and the statistical method of estimation. These may result in differences in the results arrived at. The latest data from the World Bank show that for South Asia...
More »Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Bullish on the India story, but banks not helping: MSME sector -K Sunil Thomas
-TheWeek.in Demand funding to recover from pandemic shock Indian businesses are bullish on the economy and India’s growth story, but could do with some help from the banking system. This was the message Indian businesses, especially those from the medium and small scale industries sector, have for the establishment. “When it comes to cost of capital, our banks have not done enough,” said Saket Dalmia, the new president of the PHD Chamber of...
More »High food prices push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra
-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...
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