-The Indian Express In Marathwada’s worst-hit districts of Beed, Osmanabad and Latur, households now have an uncompromising priority list of expenses as an economy hit by years of near-total crop failure goes into a tailspin. Beed/ Osmanabad: About 65 kilometres from the cracked earth that was once their source of income, Mandakini Mujmule, in her forties, and her daughter Anita, 21, have spent 16 days in Beed city’s government hospital. Mandakini has...
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Crop insurance revisited
-The Hindu Business Line India should fine-tune its scheme to make it WTO-compliant The fact that the Centre’s new crop insurance scheme has hit a WTO speedbreaker does not really surprise. The EU, Canada, Australia and Thailand have implicitly said that in its present form, insurance payouts cannot readily be placed in the ‘green box’ — one that exempts certain expenditures from farm subsidy calculations for WTO purposes. They have, in effect,...
More »Why microfinance is fading out -M Sureshbabu and Arun Kumar Gopalaswamy
-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
More »Farms grow massive incomes for select few -Devesh K. Pandey & TCA Sharad Raghavan
-The Hindu In response to a RTI application, Income Tax Department reveals that 6.57 lakh individuals earned 20 times the GDP in 2011. Believe it or not, income figures shared by the Income-Tax Department in response to an RTI application by a retired Indian Revenue Service official has revealed that agricultural income recorded an exponential increase from 2004 to 2013, touching a total of almost Rs.2,000 lakh crore for individual assessees in...
More »Job scheme in decline -Ajoy Ashirwad Mahaprashasta
-Frontline.in The increase in the budgetary allocation for the MGNREGA is only marginal. The scheme helped lower the poverty level by 32 per cent between 2004-05 and 2011-12, but government support for it has been declining steadily. In the beginning, economists belonging to the Right and the Left were of the view that the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was merely a populist measure. While the former believed...
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