-Livemint.com New government data show India saw fewer cases of farmers taking their lives in 2018 than the year before. But this doesn’t mean rural distress is down. Much needs to be done It is tempting to relate the decline in the number of farmer suicides in 2018, as reported by the National Crime Records Bureau (NCRB), to an abatement in rural distress. Such a temptation should, however, be tempered. There have...
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Give farmers their due credit -Ashok Gulati & Ritika Juneja
-The Indian Express All crop loans should be routed through Kisan Credit Cards. This will ensure that farmers do not use the loans for non-agricultural purposes. Normally, a sector’s credit off-take is a sign of its health. Higher the off-take, the better the sector’s performance. There has been a healthy off-take of ground-level credit (GLC) in agriculture and allied sectors. In the financial year (FY) 2018-19, banks disbursed Rs 12.55 trillion...
More »Govt may pump more funds into NREGS to boost rural economy -Saubhadra Chatterji & Zia Haq
-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...
More »Distress signal: Share of youngest workers in NREG begins to rise -Harikishan Sharma
-The Indian Express There is no clarity on what could be the reason behind this rising trend of entry level workforce among MGNREGA workers but experts say this could be a reflection of rural distress and lack of employment opportunities. The steady decline in the proportion of young workers, those between 18 and 30, under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has halted and has begun to rise...
More »Centre plans new FRDI Bill, hike in deposit insurance -Madhusudan Sahoo
-The Asian Age The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances. New Delhi: With several financial institutions in the country standing on the edge of distress, the Central government is likely to increase insurance cover for bank deposits. Currently, only Rs 1 lakh deposit of each customer is issured. The Finance Ministry is also mulling to...
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