The mostly unorganized and non-corporate sectors like transport and trade constitute major drivers of economic growth in India. Yet, by and large, they have no legitimate channels to access credit, and come to depend on the too costly non-banking financiers that also include money-lenders at the bottom level of the private money market where rates are sky-high. Eventually,reduced to simple arithmetic, the common man has to shell out any-thing from 35 % to 80% more than the producer price for his consumer goods.…..Continue……
Categories
Archives
Recent Posts
Twitter Updates
- RT @AskAnshul: I was working with Christian Arts and Communication Center, spreading the word of Christ...to the world ~ Kamal Haasan https… 2 hours ago
- RT @kirupanandavari: சிதம்பரம் ராமலிங்கம் என்று தான் வள்ளலார் கையெழுத்து போடுவார்! வடலூர் கோயில் திருப்பணியின் போது வாரியார் சுவாமிகள் கண்… 2 hours ago
- RT @ProfMKay: When I first read about the strange psychological problems of Rahul Gandhi, I doubted the veracity of Wikileaks. The more I w… 2 hours ago
- RT @bezubaan: Friends I had forgotten to post this picture of beautiful jadai alankaram to a kuthuviLaku, in the right-hand corner of the p… 2 hours ago
- RT @NewsArenaIndia: As per police estimate 1 lakh people turned up for Uddhav’s rally & 2 lakh people came for Eknath Shinde’s Dussehra ral… 2 hours ago
Vaidyanathan 