Since 2014, the Modi government has been aggressively expanding access to banking services and encouraging participation in the stock market. Simultaneously, it has sought to substantially boost GST revenue.
Delhi says Rs 1,073 cr spent on ads in 3 yrs to 'maximise reach' of policies. SC asked about publicity spending after Kejriwal govt expressed inability to pay rapid transit system dues.
Govt debt is nearing 90% of GDP while its share of economic pie hasn’t grown in past 10 years, so big outlays for programmes in Budget will only mean something else has to be cut.
States like Rajasthan, Tamil Nadu & West Bengal have said while government’s share in centrally sponsored schemes has reduced over the last few years, that of states has increased.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
Nice piece! However, could have been nicer if the writer had delved deeper into the reasons behind the surge in unsecured loans beyond just saying that the whole thing is due to the increased access to financial services. Many of those availing personal loans since the Covid pandemic was declared in 2020 at 13-14% interest from commercial banks have good CIBIL scores & had always been using banking services. As for the increased interest of retail investors in small and mid cap stocks, surely the writer isn’t unaware of the fact that many of these investors don’t have the required investible resources to buy large cap stocks which trade at higher prices.
Nice piece! However, could have been nicer if the writer had delved deeper into the reasons behind the surge in unsecured loans beyond just saying that the whole thing is due to the increased access to financial services. Many of those availing personal loans since the Covid pandemic was declared in 2020 at 13-14% interest from commercial banks have good CIBIL scores & had always been using banking services. As for the increased interest of retail investors in small and mid cap stocks, surely the writer isn’t unaware of the fact that many of these investors don’t have the required investible resources to buy large cap stocks which trade at higher prices.