The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
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Rural to urban migration in India: Why labour mobility bucks global trend -Kaivan Munshi & Mark Rosenzweig
-The Indian Express The percentage of the adult population for four large developing countries — China, India, Indonesia and Nigeria — who are living in cities, as well as the change in this percentage between 1975 and 2000, are plotted in chart. Rural-urban migration is exceptionally low in India. Changes in the rural and urban population between decennial censuses over the period 1961-2001 indicate that the migration rate for working age...
More »Counterproductive Farm Policies -PSM Rao
-Outlook In the last two decades, more than 300,000 farmers have ended their lives. What can be done? Indian agriculture is important as it feeds an estimated 1.3 billion population of the country and is also burdened with the responsibility of providing livelihoods to 60 per cent of the people — 780 million people. No foreign country can produce this mammoth quantity of food and supply to India nor any sector...
More »Providing transparency in rural electrification -Dinesh Arora
-The Hindu The GARV app puts pressure on State governments for timely and quality delivery “I am going to turn everything into an app and I am going to allow people to monitor daily what work we are doing, what work States are doing” — Piyush Goyal, March 23, 2016 at the Power Focus Summit Rural electrification has been an enduring challenge for successive governments. Given India’s federal structure, States provide last-mile connectivity...
More »Updating Aadhaar for better privacy -Rahul Tongia
-The Hindu Each authorised user of the system would get a longer number that is generated to be unique, but based on the base UID number. To its proponents, Unique Identification (UID, branded Aadhaar) is the solution to citizen empowerment. To its opponents, UID is a violation of not only citizen privacy but even citizen rights. In reality, like any programme or project, it can be anything we design it to be....
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