New Delhi, Jan 13 (IANS) Inclusive finance has to be embedded in a broader ecosystem of health-care insurance and social security to protect lenders as well as borrowers, Chief Economic Advisor V. Anantha Nageswaran said on Tuesday.In his address at the Global Inclusive Finance Summit, Nageswaran said one of the main reasons why people default on the repayment of loans was unexpected events such as health-related shocks.”Even well-designed credit cannot do everything on its own. When illness str…
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New Delhi, Dec 23 (IANS) The Ministry of Statistics and Programme Implementation (MoSPI) does not expect a significant change in India’s GDP growth estimates after the release of the revised national accounts series in February next year, MoSPI Secretary Saurabh Garg said on Tuesday.“Too early to say on its impact on GDP numbers. In general, we don’t expect much change from our previous expectations,” Garg told journalists here.The government is set to release the new GDP series along wi…
New Delhi, Dec 22 (IANS) The Ministry of Statistics and Programme Implementation (MoSPI) is organising the second pre-release consultative workshop on the base revision of the Gross Domestic Product (GDP), Consumer Price Index (CPI), and Index of Industrial Production (IIP) at the Bharat Mandapam here on Tuesday.The primary objective of the workshop is to share the proposed methodological and structural changes in the ongoing base revision of the GDP, the CPI, and the IIP for seeking feedback an…