-India Today The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra...
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Farmers package in the works: Income support scheme and interest-free loans -George Mathew & Sunny Verma
-The Indian Express As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce. Mumbai: The NDA government is considering a package of proposals for the distressed agriculture sector that includes interest-free loans, loans without collateral...
More »'Farm loan waivers against economic principles'
-PTI About Rs. 1.47 lakh crore of agricultural loans are outstanding in Madhya Pradesh, Rajasthan and Chhattisgarh Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said farm loan waivers were against economic principles and cannot effectively address the agrarian distress. Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages. On farm loan waiver, he said most of the people are sceptical about it as an...
More »Indian farmers need a new deal and not just loan waivers -Yogendra Yadav
-ThePrint.in Farmers’ issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something. When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to...
More »Demonetisation has not worked, no two views about it: Bimal Jalan -V Kumara Swamy
-The Telegraph Former RBI governor chats about economy, RBI-Centre standoff and his latest book Even 15 years after quitting the Reserve Bank of India (RBI), former governor Bimal Jalan lapses into RBI-speak whenever he doesn’t want to say much on an issue. We are in Jalan’s office on the sixth floor of an apartment block, a few hundred metres from the Delhi headquarters of the RBI. At the very outset, he tells me...
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