-Scroll.in Suranga is a horizontal tunnel-like well excavated in a hillside. Even as Kerala reels under severe drought, Gangadhar Rao never misses a day to irrigate thousands of areca nut trees, coconut trees and pepper plants on his 30 acres of farmland. Rao is a farmer from Bedadka Panchayath in Kerala’s northernmost district of Kasaragod and depends on Suranga for all his water needs — irrigation and domestic — round the year. Suranga is...
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Non-payment of due MGNREGA wages recurred in 2016-17
The focus on MGNREGA got renewed when the Finance Minister Shri Arun Jaitley during the presentation of Union Budget 2017-18 increased allocation under the programme to Rs. 48,000 crore (B.E.), up from Rs. 47,499 crore (R.E.) in 2016-17. However, it has been noticed by the Inclusive Media for Change team that nearly Rs. 9,748.7 crore of due payment during the last financial year is still pending, as on 2 April,...
More »In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
More »Fasal Bima Yojana needs fine-tuning -Rajalakshmi Nirmal
-The Hindu Business Line Short tenure of the policy is its biggest drawback. With El Nino expected to mar the monsoon this year, insurers may stay away A normal monsoon in 2016, after two years of drought, has not only led to a bountiful harvest for farmers, but also filled the coffers of private insurers. The Kharif 2016 season resulting in lower claims has helped private insurers in particular rake in good profits...
More »Rs 2 lakh limit not applicable on bank withdrawals
-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...
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