Our banks are mispricing capital and this is simply unsustainable

Source: This post is based on the article “Our banks are mispricing capital and this is simply unsustainable” published in Live Mint on 2nd September 2021.  Syllabus: GS3- Indian Economy Relevance: Monetary policy and Economic stability  Synopsis: Below-cost lending in India could have economic repercussions beyond the financial burden imposed on bank shareholders. Background We have a situation in India today where… Continue reading Our banks are mispricing capital and this is simply unsustainable

Time to bury Mudra ‘loan mela’ (On MUDRA loans)

Source: Business Standard Relevance: MUDRA loans, Loan mela Synopsis: Mudra loans have generated no jobs, resulting in misspending of trillions of taxpayers’ money. The loans were supposed to be for a three- to five-year period. The first cycle of the experiment is over, and the result has been disastrous. Context Recently, the Chairman of the… Continue reading Time to bury Mudra ‘loan mela’ (On MUDRA loans)

The world may soon get a vaccine against Chikungunya

Source: Down to Earth What is the news? A multi-country Phase II / III clinical trial of a vaccine led by the International Vaccine Institute (IVI) in partnership with Bharat Biotech International Ltd (BBIL) has begun in Costa Rica. It is funded by the Coalition for Epidemic Preparedness Innovations (CEPI) with support from the Ind-CEPI… Continue reading The world may soon get a vaccine against Chikungunya

In liquidity push, PSBs plan ‘loan melas’ in 400 districts

News:Finance Minister has announced that the public sector banks will be organising loan meals in 400 districts beginning October 3,2019. Facts: About loan melas: The loan melas will be organized by the Public sector banks(PSB) in partnership with Non banking financial companies (NBFCs). The PSBs will focus on giving loans to the ‘RAM’ category namely… Continue reading In liquidity push, PSBs plan ‘loan melas’ in 400 districts