Poverty remains one of the most pressing challenges facing the country today. But why are the people poor? Why are able-bodied working age group people poor? Old people, disabled people, that's different.
The Merriam Webster Dictionary defines poverty as "the state of one who lacks a usual or socially acceptable amount of money or material possessions." However, poverty is not simply characterised by a lack of adequate income. It has far reaching implications.
In December 1967, the then Finance Minister Morarji Desai introduced a new term for bankers, the "Priority Sector" and this term has come to stay in the Indian banking terminology since then.
Job creation, unarguably, is one of the most critical issues facing not only the Indian economy but also the world as a whole. Job creation is critically important not only from an economic point of view but it also has a wider impact on social indicators such as health and education, and even law and order.
18th July 2019
In the seven months since Shaktikanta Das took over as the Reserve Bank of India's (RBl) governor on 12 December 2018, there's been a sea change in the image of the central bank and its approach to policy and regulation.