-The Indian Express Building on the Jan Dhan framework, India should move from price to income support Financial inclusion is an important policy pillar of the Narendra Modi government to ensure inclusive development (sabka saath, sabka vikas). What it means, in brief, is to mainstream financial services for the masses, especially credit at affordable costs from institutional sources. This is not the first time financial inclusion is being given a thrust. Various...
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Cellphone output touches 100 mn
-PTI Mobile phone production in India has reached 100 million with leading companies setting up their manufacturing base in the country, Telecom Minister Ravi Shankar Prasad said on Saturday. “Today, I am happy to announce that in December, Rs. 1.14 lakh crore investment has come in electronic manufacturing in India. “We have attracted around 15 new mobile plants.” “Earlier in 2014, 68 million (mobile phones) were being manufactured and now 100 million are...
More »RBI asks banks to extend loans to women SHGs at 7% rate
-PTI Mumbai: The RBI today asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the National Rural Livelihoods Mission (NRLM)-Aajeevika scheme during 2015-16. “All women SHGs will be eligible for interest subvention on credit up to Rs 3 lakhs at 7 per cent per annum. SHG availing capital subsidy under Swarnjayanti Gram Swarojgar Yojana (SGSY) in their...
More »The environmental costs of subsidies -Kunal Singh
-Livemint.com It’s time to look at the deleterious environmental impact of subsidies so as to attain correct pricing of resources A few days before Delhi’s odd-even rule—a road rationing scheme in which odd- and even-numbered cars were allowed to ply on roads on alternate days—was to be implemented, Delhi deputy chief minister Manish Sisodia appeared on a television channel to answer questions on the rule. During the show, Sisodia admitted that the...
More »Why India has a ‘low’ crime rate -Deeptiman Tiwary
-The Indian Express While Sweden, Denmark and the Netherlands display high numbers of criminal activity, India stands with Yemen and Lebanon in the lower zone. Last month, when women and child development minister Maneka Gandhi was pushing through amendments to Juvenile Justice Act in Parliament that would lower the age of culpability as an adult from 18 to 16, she cited a rising number of crimes by juveniles. In the year...
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