-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...
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Par panel to summon RBI Governor Urjit Patel again on April 20
-PTI Besides Patel, Economic Affairs Secretary Sashikanta Das and Financial Services Secretary Anjuly Chib Duggal are also being asked to appear before the Committee. A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation. The meeting of the Standing Committees on Finance, headed by former cabinet minister M...
More »Why India Needs MNREGA: Evidence From Gujarat -Udayan Rathore
-TheWire.in In Gujarat’s Chhota Udaipur, MNREGA has helped villagers increase their earnings, improved connectivity in the area and led to higher farm yields. In the ubiquitous environment of the withdrawal of the welfare state across the globe, the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) in India stands out as a critical and unique intervention. MNREGA is a social safety net that guarantees 100 days of employment to every rural household...
More »India ranks a low 122 among world's happiest countries; Pakistan, Nepal fare better
-PTI Nations such as China (79), Pakistan (80), Nepal (99), Bangladesh (110), Iraq (117) and Sri Lanka (120) fared better than India on the ranking. India ranked a lowly 122 on a list of the world’s happiest countries, dropping four slots from last year and coming behind China, Pakistan and Nepal. Norway ranks as the happiest country in the world, according to The World Happiness Report 2017, which ranks 155 countries...
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...
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