-PTI NEW DELHI: Emphasising that ample credit to the tune of Rs 7 lakh crore flows in the agricultural sector every year, the government today said it is taking "speedy" measures to help farmers who are grappling with debt burden. "We will not let down our farmers," Minister of State for Finance Jayant Sinha told Lok Sabha during Question Hour. He said many steps have been taken to reduce debt burden as...
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Village households’ average assets in India at Rs 10 lakh
-PTI Households in rural areas hold assets worth over Rs 10 lakh on average, less than half the holdings by those in cities, says a government survey. At the same time, villages account for higher proportion of families owning some physical and financial assets at 98 per cent, higher than 94 per cent in urban areas. "Around 98 per cent of rural households and around 94 per cent of urban households in India...
More »Mission 'achche din': Drag in farm sector can delay economic recovery -Gaurav Choudhury and Zia Haq
-The Hindustan Times Even with the prospects of a year of high growth and low prices, a clutch of disquieting data on the ground suggests that things are still tough, potentially testing the Narendra Modi-led government's ability to pull the economy up. Output in factories has fallen sharply and a depressing farm season this winter, along with a fall in rural wages, could prolong recovery. Simply put, the drag this time...
More »No need to repay for India’s biggest farmers as debt traps poor -Adi Narayan
-Livemint Every time a waiver is done, it diverts access to credit and shrinks credit availability, says RBI governor Raghuram Rajan Mumbai: Vattikuti Prasad grows rice, bananas and sugar cane on his farm as big as 27 football fields in a part of southeastern India where most farmers own plots the size of just one. He has two homes, including a four-bedroom house he rents out in a nearby town. This year...
More »Plenty of groundwater, not enough to drink -BK Mishra
-The Times of India PATNA: Even as Bihar is endowed with substantial groundwater resources, a vast section of its population has no easy access to potable water. The government claims to have sunk more than 10 lakh shallow and 2000 deep tubewells in different parts of the state, but they fail to cope up with the ever-increasing demand of the people for domestic and irrigational needs. Experts feel that assured availability of...
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