-Down to Earth Andhra, Telangana have highest percentage of agricultural households under debt; Average debt: Rs 2.45 lakh in Andhra More than half of India’s agricultural households were in debt, with an average outstanding of Rs 74,121, according to the latest ‘Situation Assessment of Agricultural Households and Land Holdings of Households in Rural India, 2019’ released September 10, 2021. The percentage of households in debt, however, reduced slightly from 51.9 per cent as...
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‘Process is punishment, govt loves paper’: MSMEs call out unease of doing business in India -Nikhil Rampal
-ThePrint.in Entrepreneurs on social media have been listing pain points of sustaining businesses in India, noting the many compliances and how digitisation hasn't made processes particularly easy. New Delhi: Multiple compliances, large volume of paperwork and a hostile environment are some of the reasons behind the unease of owning small businesses in India, according to entrepreneurs in the country. Several such entrepreneurs took to social media in the past two days to air...
More »RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra
-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which...
More »Making Sense of India’s Measures of Unemployment -Rahul Menon
-TheIndiaForum.in The co-existence of seasonal and regular employment has posed a challenge over the decades for accurately measuring unemployment in India. An explainer and a discussion in the light of the puzzling results of the 2019-20 Periodic Labour Force Survey. The Periodic Labour Force Survey (PLFS) of 2019–20 has revealed a significant fall in in the unemployment rate, to 4.8% from 6.1% in 2017–18, according to what is called the Usual Status....
More »Rajapaksa’s eco-extremism spells doom for Sri Lankan agriculture and rural livelihoods -R Ramakumar
-Foundation of Agrarian Studies An influential section of Sri Lankan agricultural economists and scientists has deplored the recent course change in the country’s agricultural policy made by the Gotabaya Rajapaksa government. The decision by the government to ban the use and import of chemical fertilisers and pesticides in pursuit of a “100 per cent organic food producer” status for Sri Lanka has already had disastrous consequences for the economy of the...
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