The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources.
Emerging market economies in Asia are confronted with signs of bank fragility owing to overexposure to the private sector, whose mounting external debt compounds the problem.
Those at the bottom of the social hierarchy are the ones worst hit by an intersecting set of inequalities, in areas like school education, housing, work opportunities and legal justice, says a new study.
The threat of another downturn strengthens the argument for fiscal policy initiatives as a driver of economic growth, but such measures face serious opposition from a global finance that is fine with government borrowing only as long as it suits its own interests.
Of intrusive health advisories on cinema screens and the suspicion of many a sip between the shot and the sound bite on prime time television news.
While the collapse in oil prices and some other recent developments are good news for the government, there is a real danger of it turning complacent as a result and trying to rely on luck to earn a good name.
Expectations of a hike in interest rates in the U.S. put the brakes on NRI deposits, which saw a quantum jump after 2011 because of the RBI’s incentives aimed at countering the exodus of foreign capital.
Linking the price of an essential intermediate like diesel to global oil prices is another way of putting the squeeze on mass consumers.