KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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Banks eye Rural loan growth to push credit-deposit ratio - Mihir Mishra, Shayan Ghosh
Mint India’s rural borrowers and small businesses owners may have easier access to credit with public sector banks (PSBs) planning to increase financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a banks' deposit base is being utilized for extending loans. The development may help expedite the revival of the rural economy, which is struggling to reach pre-covid...
More »Indian banks gave more home loans than agricultural credit
In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »9 of World's 10 most air-polluted cities in South Asia, deadly air causes 2 million premature deaths - World Bank
Urgent action needed to curb deadly air pollution in South Asia A new report by the World Bank states that Nine out of the world’s 10 cities with the worst air pollution are in South Asia. Ambient air pollution is a public health crisis for South Asia, not only imposing high economic costs but also causing an estimated 2 million premature deaths each year. The health impacts of air pollution range...
More »After Punjab, now Haryana youth fleeing to US–by any ‘donkey’ means possible -Jyoti Yadav
-ThePrint.in There is no guarantee of a college seat or a job. And so village after village, Haryana is watching its young men leave–and the rise of an industry of touts, agents, helpers and hustlers. Jind/Kurukshetra: There’s a giant US-style open, neon-green, modular kitchen in the Sharmas’ two-floor home in Haryana’s Dhatrath village. It has a parking garage and a 50-inch TV playing Instagram reels of American life all day. From the...
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