-The Financial Express In a column in The Financial Express, ("Time to tweak priority-sector lending", goo.gl/6O8AOL, February 6), the author made a case for "tweaking" priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population. Specifically, the article argued for revisiting the sectoral targets and cited a reduction in the share of agriculture sector in GDP as a valid reason...
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India among 5 nations accounting for half of world’s hungry -Tomojit Basu
-The Hindu Business Line India measures poorest in terms of stunted children at 47.9% NEW DELHI: Five middle-income countries (MICs) which displayed strong economic growth in 2014 - India, Brazil, China, Mexico and Indonesia - account for 363 million, or a half, of the world's hungry, according to a report released on Wednesday by the International Food Policy Research Institute (IFPRI). The 2014-2015 Global Food Policy Report (GFPR) called on Governments of these...
More »Caste determines spending on food, choice of work: NSSO -Rukmini S
-The Hindu How much and what people eat and what work they do differs significantly by caste, new data from the National Sample Survey Office show. However, these differences are likely to be correlated, rather than caused by caste. The NSSO released two new reports this week: one on household consumption expenditure by a social group and the other on employment and unemployment by a social group. The data show that...
More »So Richie Rich? Have Another One On Us -P Sainath
-Outlook Corporate karza maafi reaches new heights, social spending new lows This year's budget write-off in customs duty on gold, diamonds and jewellery (all aam aadmi items, of course) is Rs 75,592 crore. That's well over twice the "record" amount allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme. As Prof Jayati Ghosh points out, the MNREGA has given billions of person-days of work to tens of millions of poor...
More »Building on Aadhaar -Bibek Debroy
-The Indian Express As of the first half of March, 786 million of those who are 18 and older have got Aadhaar numbers. The largest absolute numbers are in Maharashtra, Uttar Pradesh and West Bengal. There are two broad channels for Aadhaar enrolment - the Unique Identification Authority of India (UIDAI) itself and the Registrar General of India (RGI). For instance, in Lakshadweep, Dadra & Nagar Haveli, Tamil Nadu, West Bengal,...
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