-PTI/ The Hindu RBI says credit growth has Been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
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Expand food security coverage to benefit more needy persons, SC tells Centre
-The Hindu Bench asks Centre to re-determine NFSA coverage after considering population increase between 2011-2021 The Supreme Court has directed the Centre to increase coverage under the National Food Security Act (NFSA) so that “more and more needy persons and citizens get the benefit” under the 2013 law which entitles rural and urban poor to receive subsidised food grains under the Targeted Public Distribution System. The coverage under the NFSA is still as...
More »Monsoon 2022: Jharkhand farmers give up on paddy harvest due to scanty rains -Md. Asghar Khan
-Down to Earth Lowest amount of rainfall in the last decade; climate change to blame, says Met Paddy cultivation in Jharkhand this Kharif season has taken a huge hit, with most farmers expecting a meagre yield. Monsoon 2022 saw a massive deficit in rainfall — the lowest in the last 10 years. “I doubt I can harvest even a kilogramme of yield this year,” Mahendra Prasad told Down To Earth. The farmer in...
More »The case of the missing scientific Indian -CP Rajendran
-The Hindu India has failed to propagate scientific literacy not only among the public, but also among scientists themselves This 75th year of Independence is a major milestone for India; a time to take stock of the developments in various spheres over the last seven decades. Sadly, with some notable exceptions such as this newspaper, the print and electronic media have not really taken stock of what has happened to science education...
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...
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