-TheWeek.in Wilful defaults, loans which are deliberately not repaid by companies despite having the capacity to do so, have surged 152 per cent in the last four years of Modi government. A new report prepared by Pinkerton – a risk management consultancy along with PHD Chamber of Commerce and Industry – says that both gross NPAs and wilful defaults have been going up post 2008 financial crisis. The value of wilful defaults...
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Read the distress signals -Ajit Ranade
-The Hindu Farming must be treated as a market-based enterprise and made viable on its own terms The week-long farmers’ march which reached Mumbai earlier this month, on the anniversary of Gandhi’s Dandi March of 1930, was unprecedented in many ways. It was mostly silent and disciplined, mostly leaderless, non-disruptive and non-violent, and well organised. It received the sympathy of middle class city dwellers, food and water from bystanders, free medical services...
More »Delhi tests ground to cut student subsidy -Basant Kumar Mohanty
-The Telegraph New Delhi: The Centre has floated a proposal to scale down an interest waiver scheme meant to help poor students enrol themselves for professional courses. The human resource development ministry has sought the opinion of other ministries on lowering to Rs 7.5 lakh from Rs 10 lakh the loan amount eligible for interest waiver under the central sector interest subsidy scheme (SCISS) launched in 2009. The proposal to lower the ceiling...
More »loan waiver: Cong wants to revive scheme in which CAG punched many holes -Sanjeeb Mukherjee
-Business Standard While ADVVDRS was hailed as a key reason for UPA's return to power in 2009, the scheme itself later drew flak for its flaws, with CAG finding many of the accounts ineligible for waiver or relief In order to help the country’s small and marginal farmers, the Congress party has promised to bring a nationwide loan waiver scheme on the lines of its 2009 programme, should the party be voted...
More »Only 18% of Maharashtra's cropped area is irrigated; we should not be surprised at the distress -Siraj Hussain
-ThePrint.in It is nobody’s case that problems of agriculture can be fixed by soil health cards, loan waivers, crop insurance or e-NAM. The five-day long march of 30,000 farmers from Nashik to Mumbai has touched a chord with urban India. Even though some said they were implementing the agenda of ‘urban Naxalites’, the pictures of poor tribals and farmers, men and women, old and young, walking in heat, many without shoes, will...
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