-The Indian Express Maharashtra does not rank among the top five states in terms of loans disbursed. It could garner just 4% share in the total loans but generated the maximum additional jobs of 15%. Just five states, Tamil Nadu, Karnataka, Odisha, Bihar and West Bengal, account for about 70% of total loans disbursed — by value — under the Mudra scheme during April 2015 to December 2017, according to the...
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Truck sales crash 60%; Ashok Leyland sees decline of 70% in August -Shally Seth Mohile
-Business Standard Volumes during August were dragged down by the top two manufacturers, which together sell more than seven in every 10 trucks Mumbai: Sales of medium- and heavy-duty commercial vehicles (M&HCVs), excluding buses, considered a barometer of economic activity, more than halved in August, as transporters — struggling with excess capacity owing to a slowing economy and consumption slowdown — deferred purchases, the monthly sales data released by truck makers shows. India’s...
More »The NRC is a 'national problem' not just Assam's -Sangeeta Barooah Pisharoty
-The Telegraph Can issuing work permits and settling people outside Assam resolve the problem temporarily? In his Outlook article, (retired Union Cabinet secretary and a long-time North-east hand at the Centre) G.K. Pillai offered a temporary arrangement of granting ‘a five-year work permit’ to those not included in the final NRC, basically to maintain status quo, ‘to calm things down and allow a range of policy options to be developed carefully over...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »Troubling features of the GST regime -CP Chandrasekhar and Jayati Ghosh
-Macroscan.org/ The Hindu Business Line The Goods and Services Tax regime appears to have reduced the resource generating capacity of the states and contributed to worsening inter-state inequality. Please click here to read the entire article. ...
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