Combating Inequality, BRIC by BRIC
As the streets of Delhi are decked up with BRICS hoardings, and as we are (presumably) gearing up to hide our own gross inequities with green screens, it is imperative that we point at...
Village Vibe Check: Nabard data exposes rural India’s huge economic crisis
Close look at Nabard’s latest sentiment survey reveals falling incomes, shrinking savings, and rising debt, exposing grim reality behind India’s rural claims Viksit Villages, said Prime Minister Narendra Modi, are the foundation of a...
Do We Now Have Something to Rely On?
It is educative and encouraging to see that this agitation and its participants ā young and restless ā have not only been able to dispel the veil of fear in publicly speaking up against...
Financial Inclusion has Remained only a Buzzword in Banking
Financial inclusion cannot be measured by the number of loans disbursed; it cannot be measured only by opening bank accounts or simply through digitisation; it cannot be served with the idea of āefficiencyā; it...
Did the Budget Do Enough to Solve the Problems Faced by the MSMEs?
This budget has grabbed headlines for its support to the MSME sector, particularly with the announcement of the 10,000 crore SME Growth Fund. Given the fact that MSMEs have suffered in recent times because...
The Labour Codes serve Capital
What better time to bring into effect the Labour Codes than right after a thumping victory in the Bihar elections. Bihar, a labour-sending state, saw out-migration, āpalayanā of youth, lack of employment opportunities and...
A note complicating the claims around financial inclusion through Banking
When the RBI announced recently that its Financial Inclusion Index had jumped from 64.2 to 67 this year, celebrating “significant improvement,” it painted a rosy picture that masks a troubling reality. The Department of...
Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India
As the DFS gears up for its stock-taking meet, it must recall that true financial inclusion needs more public sector bank branches and staff. It appears that a major stock-taking andĀ brainstormingĀ is being organised by...
Street vendors are the low-hanging fruits in the battle against plasticĀ
Single-use plastic ban vilified street vendors and small players, but conveniently missed the real villains: the producers and users of plastic ā petrochemicals companies, plastic producers, and FMCG companies ā who choose to make...
The (Few) āPeopleās Budgetā
The budget this year has been touted as a middle class friendly budget. The proposal of no income tax for those with yearly income up to 12 lakh rupees was celebrated across news rooms...
To undo the deadly noose of loan apps, RBIās occasional warnings wonāt do
A new ecosystem based on loan apps has mushroomed across Indiaās financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
To tackle the climate crisis, address inequality
Every morning, when we turn the pages of the newspaper, we get a glimpse of a rather grim future.we turn the pages of the newspaper, we get a glimpse of a rather grim future....
Hanumanās leap: Why Indiaās firms arenāt making investments despite Nirmala Sitharamanās pleadingĀ
Industrialists will only invest when it they see returns and it makes business sense. In Kishkinda Kanda, the fourth book of the epic Ramayana, the wise Jambavan reminds Hanuman of his own strength. As...
How the row over āfreebiesā hides Indiaās failure to meet the basic needs of its citizens
While it targets welfare schemes, the Union government has also written off crores in outstanding loans for Indiaās rich and given huge corporate tax rebates.
A NITI Aayog-Commissioned Report Unveils the Hypocrisy of Modi Govt’s ‘Climate Concerns’
The report seems to only focus on guilt tripping the judiciary by mechanistically enumerating immediate economic losses owing to the stalling and closures effected by rulings. It is symptomatic of the urge of the...
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