-The Hindu A structural break can be observed in the GDP back series before and after the year 2011-12 India’s national income statistics are under a cloud. The Central Statistics Office (CSO) has released official revisions of the GDP estimates for the years 2004-05 to 2013-14 in the Manmohan Singh-led Government’s tenure. The revisions make the Narendra Modi Government’s performance on the economic front appear better than that of its predecessor. In 2015,...
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Bank credit: is it growing, and where's it going? -Aarati Krishnan
-NDTV Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the Government and industry lobbies insist that the credit taps remain shut....
More »Why income support, not farm loan waiver, may be better for all -Surojit Gupta
-The Times of India NEW DELHI: The election results in which BJP lost three key states have once again pointed to the agrarian crisis and triggered demands for loan waivers. Pressure on the Centre has intensified ahead of the 2019 polls and comes against the backdrop of a tight fiscal situation. The Government has committed itself to meet the fiscal deficit target of 3.3% of GDP. In the aftermath of several states...
More »JICA team finds norms 'flouted' in Mumbai-Ahmedabad bullet train project
-The Hindu Japanese officials met farmers over land acquisition Ahmedabad: Officials of the Japan International Cooperation Agency (JICA), which is funding the Mumbai-Ahmedabad bullet train project, have apparently found violations of the agency’s guidelines in the process of land acquisition. The officials held a series of meetings with farmers and their representatives and also activists, who are opposing land acquisition for bullet train project. According to sources, a team of JICA officials is now...
More »Agrarian crisis: Bias against agriculture needs to go for revival; higher investment, change in attitude towards sector a must -Prasanna Mohanty
-Firstpost.com The first reaction of the Bharatiya Janata Party-led Central Government after the party's debacle in the Hindi heartland states of Madhya Pradesh, Chhattisgarh and Rajasthan seems to be to waive farm loans, which is a telling comment on the state of the agrarian distress in India and the need to pay immediate attention to the crisis. This was expected, too, since 90 percent of the rural constituencies in Madhya Pradesh...
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