-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
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Farm loan waiver is no solution for Indian agriculture
-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...
More »State of Agriculture in India -Tanvi Deshpande
-PRS Legislative Research The key findings of the report entitled: State of Agriculture in India by Tanvi Deshpande (March, 2017) are as follows: * The agriculture sector employs nearly half of the workforce in the country. However, it contributes to 17.5% of the GDP (at current prices in 2015-16). * Over the past few decades, the manufacturing and services sectors have increasingly contributed to the growth of the economy, while the agriculture sector’s...
More »Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend -Mayur Shetty
-The Times of India MUMBAI: Debit cards have conclusively displaced credit cards as the primary mode of payment in the country following demonetisation. Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation, which was announced on November 8, 2016. The change is largely driven by small public sector...
More »Not much vikas: Did the prime minister's record on development and governance impress UP voters? -Kanti Bajpai
-The Times of India Blog Whatever else won UP for BJP it wasn’t development and good governance. Prime Minister Narendra Modi came to office ostensibly on a plank of economic and administrative ‘acche din’. Sadly, he has not delivered. So voters either don’t know his record or they voted for BJP for quite different reasons. What is the prime minister’s record on development and governance? In three years of BJP rule at...
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