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Free food? Modi makes sure every Indian knows whom to thank for it.

Free food? Modi makes sure every Indian knows whom to thank for it.
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Modi: Free food? Modi makes sure every Indian knows whom to thank for it

India s welfare programs are vast in reach and scope. Under the biggest, 821 million Indians are entitled to 5-kilogram (11-pound) sacks of free rice or wheat every month. The government started doling out grain to prevent hunger early in the pandemic and has since committed $142 billion to the program. Modi s face began appearing on the sacks in January. ....

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Banks, NBFCs hike lending and deposit rates as RBI pushes for monetary transmission

The central bank has in the recent past called for increased monetary policy transmission in the rates to banks and NBFCs. Transmission is important for the RBI s inflation management. ....

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Banks struggle to attract deposits as customers chase high return equity-linked products

To lure depositors, banks have come with special deposit products and schemes offering higher rate of returns for certain tenures. However, it is going to be tough to compete with higher returns offered by other instruments, experts say. ....

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