The Ministry of Fisheries signed an MoU with e-commerce company Open Network for Digital Commerce (ONDC), on February 19, 2024, to bring fishermen and consumers in one marketing platform to sell varieties of fish. Though belated, the move is required for developing the fishery sector in India. The NCAER, in a recently published report, noted... Read More
Bihar's economy has grown faster than the national economy, but it remains India's poorest state in terms of per-capita income. It faces challenges such as low urbanization, gender disparities, and low enrollment in higher education. Improving these areas is crucial for Bihar's prosperity and India's development goals. During the past two decades, Bihar's economy has... Read More
Is attaining gender parity in STEM education sufficient? In the recent budget speech, the finance minister proudly declared that India now stands among the leading nations worldwide in terms of women’s enrolment in STEM (Science, Technology, Engineering, and Mathematics) education. This significant milestone is a clear testament to the concerted efforts of the Government of... Read More
Instead of debating the cause of the fall and the rise in the proportion of women farmers and family helpers, we should look to expand women’s opportunities outside of agriculture, which are better paying. Arguably, the debate around trends in Indian women’s employment is only outclassed by a similar one regarding trends in poverty. Unfortunately,... Read More
Janani Suraksha Yojana, launched in 2005, has helped reduce maternal and neonatal mortality by promoting institutional delivery. But the utilisation of antenatal care has been low. Creating government programmes to incentivise desired behaviour has a long history in development planning. Unfortunately we have no guidance on when success can be celebrated and the programmes be... Read More
Enhanced financial inclusion and financial literacy are crucial in empowering individuals to navigate financial systems, access credit, and leverage digital platforms effectively. Financial inclusion in India has traditionally been equated with the expansion of banking networks and the proliferation of bank accounts among the underserved. However, complete and effective financial inclusion encompasses far more layers... Read More
To become a Lakhpati Didi, a critical skill is digital financial literacy — financial knowledge and the ability to take effective decisions On our way to Kolhapur, we stop at a tea stall-cum-convenience store run by Savita tai (name changed), who greets us with a smile. While sipping tea, we overhear her discussing the delivery... Read More
India aims to reduce agriculture's 'self-exploitation' through non-farm jobs. This requires addressing problems with job laws, promoting direct benefit transfer, improving infrastructure and human capital, and reforming social security and labor codes. In 1918, B R Ambedkar wrote, 'If we succeed in sponging off our labour in non- agricultural channels of production... they will cease... Read More
The Federal Reserve’s actions alone don’t explain the rise and fall of inflation but they were far from irrelevant. For precisely three years now, the economics profession has been collectively fixated on inflation. February 2021, 36 months ago, was the last time consumer-price-index inflation in the United States (all items, 12-month percentage change) was at... Read More
While opening of bank accounts has increased over the years, the wide gender gap in availing credit needs a policy response. The following facts have emerged from the spread of the Pradhan Mantri Jan Dhan Yojana, introduced in August 2014. It has led to greater financial inclusion in the case of males and females, with... Read More