Bandhan has a strong presence in India's under-banked eastern and northeastern regions.
For Duflo and Banerjee, an important part of their work has been ensuring that the agency of the "beneficiaries" -- usually, in developing countries like India, poorer individuals -- is put at the centre of any policy design. This is a crucial way in which experimental results are often better than large scale data-based inference, says Mihir S Sharma.
Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
A large part of Maharashtra has been declared drought-hit. The government has failed to deal with the crisis, report Aparna Pallavi and Akshay Deshmane.
'We are having an outsize impact not only on the lives of the customers and livelihood, but also the economy of India.'
The minister gave an example of how in Kochi, the commercial capital of Kerala, there are shopping complexes and retail stores, but the blooming of such stores had no negative impact on the farmers and traders.
Credit to priority sectors as well as small and medium industries will be discussed to find ways to accelerate economic growth.
Bengal's ailing handloom brand 'Tantuja' is all set to get the personal touch of West Bengal Chief Minister Mamata Banerjee who will design the six yard wonder.
'Banks have to be braver, willing to take more risks and give confidence to the customer,' observes Joydeep Ghosh.
While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains Tamal Bandyopadhyay.
The health ministry said that 86 per cent of the total active cases were recorded in 10 states of the country.
Most industry players in Tirupur feel that though the idea of GST is good, the problems are largely due to its poor implementation. Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs.
After the BJP lost the recent assembly polls, one of Shah's first acts was to appoint new prabharis before the Lok Sabha election. Radhika Ramaseshan reports on the significance of this post that doesn't exist in the BJP's constitution.
PSBs have been requested to reach out to MSMEs to provide bill discounting to them against their dues since they suffer the most from shortage of cash.
'If done well, the containment measures can help minimise the impact of the epidemic.'
'Stop terror, start talks. Let us wait for a response on that from the Pakistani side'
The sources said India may be building small libraries as part of the community development initiative, but most of its investments in Afghanistan were on mega infrastructure projects including the 218 km road from Zaranj to Delaram, the Salma Dam and the new Afghan Parliament building.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
Sanjeev Nayyar offers a roster of things to do to see the India of our dreams.
'COVID-19 is just an excuse to pass anti-labour laws.'
If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector.
One of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs
India took the first step towards legalising drones by officially publishing draft rules for drone operations in the Official Gazette on Friday. The rules, termed The Unmanned Aircraft System Rules, 2020, are open for public consultation for 30 days.
Many feel that the money from their MPLADS should go directly to a district hospital in their respective constituencies rather than a central fund like PM CARES. Archis Mohan reports.
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US.
Describing the trial as a "complete success", they said all mission objectives were met during the test-fire. All radars, tracking systems and range stations tracked and monitored the flight performance of the missile, which was launched with support of a mobile launcher.
Former RBI governor R Gandhi said that the RBI needs to re-introduce a one-time restructuring package and mere moratoriums will not suffice in unprecedented times like the COVID-19 pandemic.
The G-20 leaders under the chairmanship of Saudi Arabia's King Salman held an extraordinary video conference in which they resolved to use all available policy tools to minimise the economic and social damage from the pandemic that has killed over 21,000 people and infected more than 470,000 globally.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
'There is no future for the Shiv Sena under Uddhavji's leadership.'
Adityanath also recommended that all other SBSP members holding the rank of minister of state be removed immediately.
US Secretary of State Hillary Clinton ruffled a couple of sensitive feathers while on her otherwise successful South Asian tour.
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
Andhra Pradesh Governor ESL Narasimhan met Congress president Sonia Gandhi on Friday evening to reportedly discuss the administrative and political situation in the state.The two discussed the expansion of the state cabinet, the ordinance on micro-finance institutions, trimming the administration and preparing for political developments after the Justice Sri Krishna Committee submits its report on the creation of Telangana state.
Pfizer and BioNTech said they have concluded phase 3 study of their mRNA-based COVID-19 vaccine candidate BNT162b2, meeting all primary efficacy endpoints.
Closure of tanneries pulls down domestic finished leather exports and local price of raw-skin.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
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