-Livemint.com The gross bad loan ratio of banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of banks which...
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COVID-19 pushed 119-124 million into poverty: World Bank updates estimates
-Down to Earth The number of pandemic-induced new poor is forecast to rise to 143-163 million in 2021 The novel coronavirus disease (COVID-19) pandemic, which forced economies around the world to lock down last year, may have increased global poverty by 119 million-124 million, according to updated estimates by World Bank. This includes the 31 million people who would have moved out of poverty (measured at the international poverty line of $1.90, or...
More »Untreated wastewater in developing countries: 14 billion a day and we don’t know where it ends up -Jacqueline Thomas
-Down to Earth This water causes diarrhoeal diseases that kill 800 children every day, mostly in India, Afghanistan and Congo To limit the spread of disease and reduce environmental pollution, human waste (excreta) needs to be safely contained and effectively treated. Yet 4.2 billion people, more than half of the world’s population, lack access to safe sanitation. In developing countries, each person produces, on average, six litres of toilet wastewater each day. Based...
More »WTO review backs Centre move to cut farm subsidies
-The Tribune Review skeptical about programmes such as ‘Make-in-India’ and ‘Self-Reliant India’ New Delhi: The World Trade Organisation’s review of India’s trade policies has expressed concern about the high level of government intervention in the agriculture sector. Members recognised the importance of the sector in supporting livelihoods and food security. At the same time, they urged India to reform its agricultural policies as they continue to be based on “significant levels” of domestic and...
More »India's real GDP to expand by 10.1% in FY2022: Icra
-Livemint.com/ PTI Icra expects the headline CPI inflation to decline to 4.6% in FY2022 from 6.4% in FY2021, while exceeding the mid-point of the Monetary Policy Committee's medium target of 4%, for the third consecutive year MUMBAI: Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1% in FY2022. It, however, said the value of GDP in the next financial year will...
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