-The Economic Times The world is no stranger to farm debt crises like the one India is seeing today. Back in the 1980s, the Canadian parliament enacted a law to stop foreclosures on farm debt, after prices collapsed and interest rates jumped to as high as 24%. The law was in force for a dozen-odd years. It identified insolvent farmers, facilitated agreements between the borrowers and lenders, and helped some farmers move...
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Pain points for the MSME sector -B Yerram Raju
-The Hindu Business Line The RBI has its task cut out as it sets about addressing the sector’s credit and viability concerns A debate on MSMEs has come alive due to the Centre’s insistence on a regulatory reprieve for the beleaguered sector post GST and post demonetisation. The RBI at its last Board meeting that Urjit Patel chaired, promised to set up a Committee on the MSME sector by the end of...
More »How the Modi Government Pads up Job Numbers -Subodh Varma
-Newsclick.in In the flagship programme for setting up micro-enterprises (PMEGP), the estimates of employment are highly inflated. In response to a question put up by a group of MPs in Lok Sabha, Labour and Employment Minister Santosh Gangwar said on December 17 that the Pradhan Mantri Employment Generation Programme (PMEGP) has “generated” 17.6 lakh jobs since 2014-15. He gave year-wise figures till November 30, 2018. These figures seem to be highly inflated and...
More »Invisible people: Aadhaar versus particularly vulnerable tribal groups -Jean Dreze
-The Telegraph Many families depend on two entitlements for survival: social security pensions and rations from the public distribution system Particularly vulnerable tribal groups, earlier known as primitive tribal groups, are the sort of people you may never meet unless you take the trouble to look for them. In Jharkhand, they live in small hamlets scattered over the nooks and crannies of the state’s undulating forests. Without a purpose and some local...
More »Chhattisgarh CM Bhupesh Baghel waives farm loans, orders SIT probe into Bastar massacre -Joseph John
-The Times of India RAIPUR: Chhattisgarh chief minister Bhupesh Baghel on Monday announced to waive farm loans to the tune of Rs 6,100 crore of more than 16 lakh farmers and also decided to set up a Special Investigation Team (SIT) to probe the deadly maoist attack in Bastar. Addressing his maiden press conference after the swearing-in ceremony and subsequent first cabinet meeting, Baghel said it has been decided to waive off...
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