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HOUSEHOLD INDEBTEDNESS
Ground-level economic situation far removed from govt's propaganda: Congress on PM's WFH appealPrime Minister Narendra Modi's recent appeals for judicious fuel use and postponed purchases signal potential austerity measures. The Congr...- Noida workers’ unrest: A story of hidden inflation and its impactNoida factory workers protest: Years of rising costs have diminished buying power, creating widespread discontent among many. Wage growth l...
- Once an institution of warmth and wit, parties are now an embodiment of symbol over experienceA recent party at Gwalior's Jai Vilas Palace offered a glimpse of genuine connection, a stark contrast to years of superficial gatherings. ...
- Congress slams govt over household indebtedness, says it failed to acknowledge 'crisis'Congress highlighted household indebtedness as a major issue, citing stagnating wages as the root cause. Recovery from COVID-19 driven by l...
- RBI orders NBFCs to reveal max rates of all loan productsThe Reserve Bank of India (RBI) has directed large non-banking finance companies (NBFCs) to disclose the maximum rates charged on each loan...
- India's household debt servicing costs among the lowest in the worldIndian households' net financial savings fell by up to four percentage points in the past two years, as they built real assets like homes a...
- Free pricing system to strengthen MFIs; but credit cost for borrowers to jump: AnalystsThe revised regulations aim to provide a level playing field to all the players involved in microfinancing, which will help these lenders t...
- Households in southern states more indebted than rest of India: ReportIn 2019, Telangana with 67.2 per cent had the highest proportion of its rural households indebted and Nagaland with 6.6 per cent had the lo...
- Asset growth lower than debt growthThe average value of assets owned by rural households increased by 58% to Rs 15,92,000 in 2018 from Rs 10,06,985 in 2012, while that of urb...
- Household indebtedness more than doubled over the last decade: SBI reportState-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018, while 7...
- RBI aims to tackle microloan burden with new MFI rulesThis repayment threshold is part of a slew of proposals to revamp the regulations on microfinance, which are crucial to bringing the bottom...
- Government to conduct survey to assess plight of farmers this yearTo assess the plight of farmers, the government will conduct a pan-India survey to ascertain their income and indebtedness among other issu...
- Agri households’ average earnings grew to over Rs 1 lakh in FY16Conducted with 2015-16 as the reference year, the survey covered 40,327 rural households.
- Farmers have turned "Lakhpatis", but more than half still in debt: Nabard SurveyThe survey conducted with the year 2015-16 as the reference year covered 40,327 rural households.
- Urban households in debt rise to 22%, rural to 31%: NSSO surveyAbout 31.4% rural households and 22.4% urban homes were in debt, up from 26.5% and 17.8% respectively in 2002, according to Investment Surv...
- RBI invites public comments on data standardisationRBI today invited comments from the public on the recommendations of a panel which has made a case for compilation of indices.
- Village households' average assets at Rs 10 lakhHouseholds in rural areas hold assets worth over Rs 10 lakh on average, less than half the holdings by those in cities, says a government s...
- RBI panel for indices on labour, wage to improve policy makingRBI panel made a case for compilation of separate indices on producer price, labour force, urban wages & household indebtedness with a view...
- Nearly half the farmer households in debts: ReportAn NSSO report on 'Indebtedness of Farmers Household' has reported that of 89.35 million farmer households, about 43.42 million (48.6%) wer...
- Indebtedness on the rise, hits peak among OBCsLow interest rate and easier availability of credit has increased the Indian household sector’s appetite for borrowing.
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