There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
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On the margins -Dibyendu Chaudhuri and Parijat Ghosh
-The Telegraph Seventy-five years of planned development have not helped in the betterment of the adivasi community Adivasis living in Central India make up one of the most marginalised sections in the country. But they live in the most resource-rich areas that attract industrialists and the State. Although scheduled tribes constitute 8.6% of the total population, they make up 50% of the people who have been displaced or dispossessed from their land...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »Retail inflation softens to 6.71% in July, lowest since March; here's what economists say
-BusinessToday.in The July retail inflation level is in consonance with the projection and expectations of economists. India’s retail inflation moderated to 6.71 per cent in the month of July, the retail inflation is July has come down from 7.01 per cent in the month of June. Even Reuters poll of 48 economists showed inflation, as measured by the consumer price index, likely to fall to an annual 6.78 per cent in July,...
More »Crop diversification promotion scheme launched in MP; focus on natural farming -Sravani Sarkar
-TheWeek.in Efforts on to substitute wheat and paddy crops with other market-driven crops Madhya Pradesh government launched a crop diversification promotion scheme with focus on natural farming and on substituting wheat and paddy crops with other crops that are suitable for local climate and are market driven. The crop diversification scheme has been launched for three years starting the current financial year (2022-23), to encourage demand-based crop diversification, keeping in mind the economic...
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