GROUP_E____NEWSLETTER FINAL RASHID.pptx
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This newsletter provides a summary of recent news headlines and articles from Indian newspapers. It introduces the editorial team and then summarizes headlines from various dates between February 8-September 7, 2023. Some of the headlines include the country's fiscal deficit exceeding targets, GDP growth boosted by the services sector, and low rainfall levels. It also summarizes three articles on issues related to financial inclusion in India, the mixed picture of growth and inequality, and declining employment rates among younger Indians. The newsletter is intended to keep readers informed of current events and discussions in India.
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MSMEs are paying higher rate of interest and hence banks generate better interest income on these loans;
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Gender Responsive Budget (GRB)
is not just a one-time activity. It is
a continuous process that must be
applied to all levels and stages of
the policy process. It recognises
that the Budget is a powerful tool
that can reduce the vulnerability
of women and girls and transform
their situation. GRB ensures that
overall policy/programme planning,
budgeting, implementation and
auditing continuum are gender
responsive. The idea behind GRB
is not about literally dividing funds
in a fifty-fifty ratio among men and
women. GRB is about bringing a
gender perspective in policy making
at different levels. For example, the
recent schemes like Digital India are
noteworthy but lack specific focus
on digital empowerment of girls and
women given the gender inequality
in society.
Gender Responsive Budget Expectations by Prof. vibhuti Patel MEDC Dec. 2017
The Allocation for Department of
Women and Child Development
needs to be raised by 20% over
and above that for the year 2015-
16 as there was a significant cut
in allocation for 2016-17 causing
many schemes to suffer on ground.
Budget provision should be made for
setting up a nodal agency/committee
for regular review and revision of
schemes. Adequate funding should
be provided to Maharashtra State
Commission for Women (MSCW)
for effective functioning. Timely
release of funds for all the schemes
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2) While Mumbai was previously the economic hub of Maharashtra, its contribution to the state GDP is declining. The city's GDP growth is low and quality of life is declining due to increased population and congestion.
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- It has developed a successful business model that generates returns of 20-30% while serving the needs of the low-income population through small, affordable loans.
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- 1. GROUP E NEWSLETTER Presented by Rahid
- 2. MEET OUR TEAM 2 1) Kishan 2) Satyasai 3) Malavika 4) Rashid 5) Sunil 6) Midhuna 7) Yogasree
- 3. HEADLINES
- 4. 02/09/2023,FRIDAY 4 Centre's fiscal deficit crosses a third of full-year target in July GDP expands 7.8% on services boost India sees the lowest August rainfall in a century: IMD Assam-based oncologist Ravi Kannan wins 2023 Ramon Magsaysay award
- 5. 5 02/08/2023,SATURDAY GST mop-up rises 11% at 1.59 trn in August Forex reserves drop $30 mn to $595 billion Manufacturing activity at three-year high in August Demand for Diesel Declines 2.9%. Petrol Sales Rise 0.4% in August India's first solar observatory mission to be launched today
- 6. 03/09/2023,SUNDAY INDIA'S SUNSHINE MOMENT Aug returns worst in 8 months Biden to hold bilateral talks with PM Modi on Sept 8 Walmart Bought Flipkart Shares for $3.5 billion 6
- 7. GDP share of six new Brics members at 11% Aditya-L1 'healthy', in new orbit: ISRO Centre's DIKSHA e-education platform to offer AI help The northern plains of India is the most polluted region Ahead of talks on grain deal, Russia attacks Ukraine port 7 04/09/2023,MONDAY
- 8. 05/09/2023,TUESDAY Laptop licensing may see a year's extension Sugar Prices Up on Poor Rains in Key Cane States Manipur, Punjab, 2 others have high debt to GSDP level of over 40% FinMin begins Budget exercise for 2024-2025 Govt e-Marketplace buys surge 80% in Apr-Aug to 1.1 trn, states to sign in 8
- 9. 06/09/2023,WEDNESDAY Bharat' replaces 'India' in G-20 invite from President RBI Firmly Focused to Bring Down Inflation to 4% Farmers dying by suicide to claim compensation, says K'taka minister 400 E-Buses Flagged Off, 8k Target By 2025 9
- 10. 07/09/2023,THURSDAY SaturdayFoxconn Planning to Make EVs in India; Tamil Nadu on Radar'Manipur Protesters Try to Breach Army Barricade; Over 40 Injured Sugar Stocks Surge Up to 10% on Firm Price Forecasts 1 0
- 11. ARTICLES
- 12. 1 2 Name of newspaper –The mint Author - KAUSHIK BASUis a professor of economics at Comell University and a former chief economic adviser to the Government of India Reviewed by- Midhuna
- 13. 1) Author shares personal experience in Delhi's bazaar and a photo studio.- Mixed picture of India: 2) Growth, diplomatic ties, but severe wealth inequality.- 3) Economic benefits primarily favor the rich.- 4) High youth unemployment (23%) and disappearing jobs.- 5) Struggles of small businesses, worsened by food inflation.- 6) Concerns about political situation: democracy erosion, minority issues, religious discrimination.- 7) Author warns about choices shaping India's future.
- 14. 1 4 Name of newspaper - The mint Author –DINESH K. KHARA is chairman, State Bank of India chair of the 820 Task Force on Financial Inclusion for Economic Empowerment Reviewed by - Rashid
- 15. 1. Financial inclusion reduces poverty and inequality. 2. Many adults lack access to regular bank accounts and don't engage with formal financial institutions. 3. Small businesses in developing countries struggle to obtain loans. 4. Women, particularly in developing countries, face challenges in accessing banking services. 5. Three main ways to improve financial inclusion: a. Involve private companies, educate people about finances, and enhance services for women. b. Provide a wider range of financial products and services, especially in rural areas. c. Implement consumer protection measures and establish balanced rules for innovation and safety. 6. These efforts are crucial for achieving global development goals and expanding economic opportunities.
- 16. 1 6 Newspaper –The Mint Author – MADAN SABNAVIS is chief economist at Bank of Baroda and author of: 'Corporate Quirks: The Darker Side of the Sun' Reviewed by - Rashid
- 17. 1) Decline in employment rate for younger workers (age 15-39) from 50% to 37%. 2) Decrease in the share of women in the workforce from 13.1% to 9.4%, potentially due to family obligations. 3) Significant education-employment gap with only 12.5% of workers having graduated. 4) Shift towards self-employment, with a decrease in wage labour from 42% to 31%, possibly influenced by AI and ML advancements.
- 18. THANK YOU