-The Indian Express Will the kisan take care of interests of landless peasants as well? In the aftermath of the demonstrations by farmers in the name of agricultural prices and loan waiving, it is important to remember that village India also comprises of landless peasants who have nothing to sell on the market and have never gone to a bank. Their condition has deteriorated, too, as a result not only of the...
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Bank credit: is it growing, and where's it going? -Aarati Krishnan
-NDTV Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut....
More »Fields of ferment -Ashok Gulati
-The Indian Express Why assembly election verdicts should occasion a rethink on loan waivers, MSP raises The results of the elections to state assemblies should be a humbling experience for the BJP. Political pundits have started analysing the verdict, since the reasons for the BJP’s defeat have important implications for the parliamentary election of 2019. One factor that is being flagged by analysts is farm distress. Farmers across the country are not...
More »A self-goal for India -Santosh Mehrotra
-The Hindu There are substantive reasons for the questions being raised about the new GDP back series Without in any way impugning the integrity of the Central Statistics Office (CSO), most knowledgeable people are asking: if most important indicators of the Indian economy were better in 2004-2014, how is the GDP growth rate higher in estimates just released (7.4% per annum since 2014 and only 6.7% per annum in 2005-2014)? This is...
More »No signs yet for escape from cycle of farm distress
-The New Indian Express The consecutive droughts, with intermittent floods, have shown the impact that climate change can have on the lives of farmers. BENGALURU: Farmers in the state are preparing for one more round of showdown with the state government, even as Chief Minister H D Kumaraswamy made a beginning to deliver on his promise of farm loan waiver by launching the distribution of ‘Debt-free certificates.’ Though the programme has raised...
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