-PTI Pune: The Rashtriya Swayamsevak Sangh's labour arm has asked the Narendra Modi government to take note of the "immediate adverse side effects" of demonetisation while welcoming what it called a "rare" opportunity to help those less privileged. The Bharatiya Mazdoor Sangh also cautioned the government against pressuring people to go digital. "We take serious note of the immediate adverse side effects like defects in implementation, cash shortage, slowdown in market, job losses,...
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PM Fasal Bima Yojana not reaching farmers who really need it -Rajalakshmi Nirmal
-The Hindu Business Line Non-loanee farmers availing insurance may be far fewer than data claim Last January, Prime Minister Narendra Modi introduced a new crop insurance scheme with the aim of bringing 50 per cent of the country’s farmers under insurance cover in THRee years. Data shows that in kharif 2016 — the first season after the scheme’s launch — crop insurance coverage had risen. However, despite the Centre’s claims, this growth is...
More »Universal Basic Income For India Suddenly Trendy. Look Out -Jean Dreze
-NDTV A recent headline in Quartz, an otherwise serious media agency, claims that Jammu and Kashmir is the first state in India to "commit to a universal basic income" (UBI). A glance at the original source quickly negates this claim: it is based on nothing more than "seeds of a thought" (sic) from the Finance Minister of J&K about possible cash transfers for a small minority of poor households. This is...
More »From plate to plough: Growth amidst gloom -Ashok Gulati
-The Indian Express Agriculture GDP bucks the trend of decline in other sectors. But can the government help the farmers sustain this growth? The first advanced estimates of GDP growth for the financial year 2016-2017 (FY17) show a marginal decline from 7.6 per cent last year to 7.1 per cent this year. Of the various sectors, gross value added at basic prices (2011-12), mining and quarrying is down from 7.4 per cent...
More »Banarasi sari industry in trouble as traditional credit vanishes after note ban -Omar Rashid
-The Hindu The ‘batta’ system of rolling financing has shrunk as money cannot be withdrawn from banks, and bearer cheques pile up Varanasi: For the already distressed weavers and poorly paid labourers in the famous Banarasi sari industry, demonetisation has come as a crippling blow. Withdrawal limits of Rs. 50,000 on current accounts (around a 10th of the actual requirement in the trade) and falling business post November 8 have constrained traders from...
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