-Frontline If Budget 2015 is any indication, the Modi government is going beyond what could be called benign neglect of agriculture to policy moves that are likely to harm its viability. IT is scarcely surprising that farmers are upset with the Narendra Modi government. Indeed, the rosy dreams created by that famous campaign advertisement of the Bharatiya Janata Party (BJP), when farmers spoke of the high crop prices and better cultivation conditions...
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Bursting the myths on Indian agriculture -Rakesh Rao
-Business Standard Though Indian agriculture has grown to be second largest globally, there are many myths and misconceptions. So, let's find the truth. Though the government over the past few years has been focusing on enhancing manufacturing sector's share to India's GDP, contribution of agriculture to the GDP continues to be higher than that of the manufacturing. India has in abundant four critical fundamental resources - light, land, water & labour. Contrary...
More »Unused priority sector lending funds to be diverted to MUDRA Bank -Surabhi
-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...
More »Swachh Bharat may add 1% extra service tax to 5-star hotel bills
-The Times of India NEW DELHI: The government has identified five "high-end services", including bills in four- and five-star hotels, which will attract additional service tax to fund Prime Minister Narendra Modi's Swachh Bharat campaign, and leave a slightly bigger dent in your pocket. Sources, however, indicated that against an "enabling provision" of levying up to 2% cess over the 14% service tax, the government is expected to notify an additional 1%...
More »A sketchy road map for health policy -Nidhi Khurana
-The Hindu Much of the National Health Policy document reads like a report of health issues and systemic challenges, and is sorely wanting on policy detail Health impoverishment - falling into poverty due to health care costs - affects 63 million individuals in India every year. This is a damning statistic, especially when read with the fact that 18 per cent of all households face catastrophic health expenditures (health expenditure greater than...
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