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Nabard thinks Mumbai needs 50% of agri loans -Alok Deshpande

-The Hindu The fact that a megapolis, and not the drought-affected areas of Maharashtra, is the biggest beneficiary, has angered many Bristling with glass towers and commercial districts, Mumbai is unquestionably the financial capital of India. The most greenery an average Mumbaikar can hope to grow is a few herbs in window flower-pots. Which is why it seems strange that the city will be the biggest beneficiary of agriculture loans, as projected by...

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From Plate to Plough: How to expand inclusion -Ashok Gulati & Prerna Terway

-The Indian Express Building on the Jan Dhan framework, India should move from price to income support Financial inclusion is an important policy pillar of the Narendra Modi government to ensure inclusive development (sabka saath, sabka vikas). What it means, in brief, is to mainstream financial services for the masses, especially credit at affordable costs from institutional sources. This is not the first time financial inclusion is being given a thrust. Various...

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Net profit -Kundan Pandey

-Down to Earth Jharkhand taps its dam reservoirs and ponds to boost fish production as well as livelihood AFFLUENCE IS not a word one would normally associate with Jharkhand’s Jamukhadi village, which falls in one of India’s 250 most backward districts. But almost all the houses in the village have TV sets, computers and motorbikes. “There were only a few pucca (brick) houses in our village till 2000 when the state was...

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Is new crop insurance panacea for all ills? -K Venkateshwarlu

-The Hindu Crop insurance has always been a knotty issue with the two previous ones, National Agricultural Insurance Scheme (NIAS) of 1999 and the Modified NAIS of 2010 failing to address the concerns. Hyderabad: Agriculture scientists, NGOs and farmer leaders have picked holes in the recently launched Pradhan Mantri Fasal Bhima Yojana (PMFBY) touted as the much-awaited ‘suraksha kavach’ (shield) and panacea for all crop insurance related ills. Crop insurance has always been...

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The environmental costs of subsidies -Kunal Singh

-Livemint.com It’s time to look at the deleterious environmental impact of subsidies so as to attain correct pricing of resources A few days before Delhi’s odd-even rule—a road rationing scheme in which odd- and even-numbered cars were allowed to ply on roads on alternate days—was to be implemented, Delhi deputy chief minister Manish Sisodia appeared on a television channel to answer questions on the rule. During the show, Sisodia admitted that the...

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