Indian economy on shaky ground, says Abhijit Banerjee : Bulletin: Business Today
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Indian economy on shaky ground, says Abhijit Banerjee

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October 15, 2019

9 admissions a minute, Ayushman Bharat completes 50 lakh treatments

The Modi government's flagship programme, Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), touted as the world's largest government-funded healthcare programme, on Monday crossed the 50 lakh treatment mark. According to an official statement, there were 9 hospital admissions every minute across India in the first year.

PMC Bank withdrawal limit raised to Rs 40,000 from Rs 25,000: RBI

In a further relief to Punjab and Maharashtra bank customers, Reserve Bank of India (RBI) on Monday increased the withdrawal limit to Rs 40,000 from Rs 25,000 earlier. The central bank said it is closely monitoring the developments and will continue to take necessary steps in the interest of PMC Bank depositors.

Abhijit Banerjee second Indian-origin economist to win Nobel prize after Amartya Sen

Indian-origin economist Abhijit Banerjee who recieved the Nobel Prize 2019 is the second person of Indian origin to have won the prestigious award in Economics. The first one was Amartya Sen who won the coveted award in the year 1998. Banerjee won this years' Nobel Prize in Economics along with wife Esther Duflo and Michael Kremer for their "experimental approach to alleviating global poverty."

Indian economy on a shaky ground, says Nobel awardee Abhijit Banerjee

Indian-American economist Abhijit Banerjee, who won the Nobel Memorial Prize for Economic Sciences on Monday, reportedly said Indian economy is on a shaky ground. The Mumbai-born Nobel Laureate said the data presently available do not hold any assurance for the country's economic revival anytime soon.


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