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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...

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Four key climate change indicators break records in 2021: WMO

-Press release by World Meteorological Organization (WMO) dated 18 May 2022 Geneva, 18 May 2022 (WMO): Four key climate change indicators – greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification – set new records in 2021. This is yet another clear sign that human activities are causing planetary scale changes on land, in the ocean, and in the atmosphere, with harmful and long-lasting ramifications for sustainable development and...

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Reviving the ‘Kerala Model’ of development -Shashi Tharoor and Vinod Thomas

-The Hindu Its lustre is fading as there are threats from emerging social and environmental risks, but the question is how Kerala has long been recognised to have done many things right. For years the darling of development experts, non-governmental organisations and social activists, the ‘Kerala Model’ seemed to show that impressive levels of human development indicators — in health, education and quality of life, comparable even to some rich countries —...

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Mizoram shows why centre’s palm-oil plans will be disastrous for farmers, environment -Kimi Colney

-CaravanMagazine.in On 15 August 2021, marking India’s 75th Independence Day, Prime Minister Narendra Modi addressed a crowd-packed Red Fort. “Just as we are making sure that no person or no class should be left behind in the development journey of society, similarly no part of the country, no corner of the country, should be left behind,” he told the crowd. “Development should be all-round, development should be all-pervasive, development should be...

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Sustainable development report shows devastating impact of COVID, ahead of ‘critical’ new phase

-UN News  The Sustainable Development Goals Report 2021, launched on Tuesday at UN Headquarters in New York, shows the toll that the COVID-19 pandemic has taken on the 2030 Agenda, as the landmark annual High-Level Political Forum (HLPF) officially got underway.  Gains rolled back In addition to the almost four million deaths due to the coronavirus, between 119-124 million people were pushed back into poverty and chronic hunger, and the equivalent of 255...

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