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Arvind Panagariya raised red flags, couldn't stop power centres within -Pranav Mukul & Sunny Verma

-The Indian Express In January, Arvind Panagariya had raised the first red flag on the possibility of taxpayers being harassed post-demonetisation and had reportedly written to the Prime Minister’s Office. Under Arvind Panagariya, the Niti Aayog piloted several reforms ideas in both economic and social spheres, but the sudden departure of its vice-chairman has put under the spotlight the numerous occasions when difference of opinions between the think-tank and other wings of...

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At the Heart of Rural Discontent Is the Creeping Crisis in Household Agriculture -Anirudh Krishna

-TheWire.in A substantial decline in the share of agriculture in a farm family’s income and the lack of quality education has eroded hopes of a better future for a majority of India’s farmers. While the government pays lip service to the image of the Indian farmer – picture the stalwart yeoman, “Bharat,” hefting a wooden plough on his shoulder – in fact, the conditions of farm families have been in secular decline...

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Are farmer movements in India changing course? -Sayantan Bera

-Livemint.com Unlike the dhoti-clad, topi-wearing quintessential ‘kisan’, the new Indian farmer is vocal and tech-savvy New Delhi: In the winter of 1988 when the feisty farmer leader from Uttar Pradesh, Mahendra Singh Tikait, laid siege to Delhi with thousands of cultivators and their cattle literally creating a mess of the boat club lawns, agriculture’s share in India’s gross domestic product (GDP) was about 30%. About three decades later, the farm sector’s share in...

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CAG raps govt-owned banks for understating non-performing assets -Indivjal Dhasmana

-Business Standard Govt told to be consistent on capital infusion criteria The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for overstating their net profit, by underestimating non-performing assets (NPAs) and under-providing for these bad assets during 2016-17. Also, there were differences in the classification of and provisioning for assets between five banks and the Reserve Bank (RBI) but as the...

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Crop Insurance: A flagship scheme that may flatter to deceive -Harish Damodaran

-The Indian Express For farmers, a uniform 2 per cent premium rate on sum insured (SI) for all kharif or monsoon season foodgrains and oilseeds, while 1.5 per cent for rabi winter crops and 5 per cent for annual commercial and horticultural crops, is the lowest they can hope for. The country couldn’t possibly have, at least on paper, a better agricultural crop insurance scheme than the Pradhan Mantri Fasal Bima...

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