-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
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West Bengal government to help farmers to grow 800 varieties of rice -Sutanuka Ghosal
-The Economic Times West Bengal government has firmed up plans to provide assistance to farmers to enable them to grow 800 varieties of aromatic rice, many of which are rarely grown nowadays. Among the aromatic varieties identified for special treatment are kanakchur, randhuni, chandrachur, radhatilak, badshahbhog and kerala sundari. Bidhan Chandra Krishi Viswavidyalaya in Kalyani is playing a major role in identifying the varieties of rice, as well as finding out ways...
More »Farm loan waiver is no solution for Indian agriculture
-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...
More »MGNREGA lesson for universal basic income: Once introduced, there's no going back -Aurodeep Nandi
-The Financial Express The one irrefutable lesson from MGNREGA, is that once introduced, there will be no going back India is one of the most unequal countries in the world. In terms of Gini coefficient, i.e., measure of income inequity, India ranks a dismal 135 out of 187 countries. This means that most of the prosperity that an increasingly economically liberalised India is seeing, belongs primarily to the top-income percentiles. One in...
More »MNREGA Is Not Making India's Workforce Less Skilled - Here's Why -Naman Garg and Aarushi Kalra
-TheWire.in MNREGA acts as a safety net not only against extreme poverty but also against the exploitation of workers. The Mahatma Gandhi National Rural Employment Guarantee Act (MMNREGA) and its impact on the various aspects of the economy continues to be an active area of research. A piece by Sumit Agarwal, Shashwat Alok, Yakshup Chopra and Prasanna L. Tantri titled “Is MGMNREGA destroying factory jobs? Disquieting data shows it discourages skill development”...
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