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RBI raises LIMit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh

-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the LIMit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased LIMit will enhance coverage of small and marginal farmers in the formal credit system. The circular...

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Sociologist Dipankar Gupta interviewed by Poornima Joshi (The Hindu Business Line)

-The Hindu Business Line Sociologist Dipankar Gupta discusses the dynamics of political mobilisation and the politics of reservation. Excerpts from an interview to Poornima Joshi: * The Indian state’s failure to provide the basics — universal education and healthcare — has never become the rallying point for political mobilisation. Why is that? The more cleavages of class, caste, language, race a society has, the more difficult it is to practise democracy. Democracy works...

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No budget for farmers -Ashok Gulati

-The Indian Express Direct income support for farmers is too late, too little The hopes of farmers for a meaningful package from the Modi government have evaporated after the announcements in the Union budget. The proposed Rs 6,000 annual direct income support to small and marginal farmers is a drop in the ocean. States like Telangana and Odisha have done much better with their Rythu Bandhu and Kalia schemes respectively. After...

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MGNREGA workers in Jharkhand demand increase in wages and number of days of guaranteed work

-Press release by NREGA Watch (Jharkhand) dated 2nd February, 2019 Thousands of NREGA workers across Jharkhand spilled to the streets today to express their anger at the continued denial of their entitlements. In over 30 blocks of the state, workers raised their voice against the abysmal wage rate, acute shortage of work, increasing delays in payment of wages, and violation of several other rights. They also demanded work and submitted grievances...

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There is so much confusion about the Pradhan Mantri Kisan Samman Nidhi Yojana

Against the backdrop of the Finance Minister Shri Piyush Goyal announcing the Pradhan Mantri Kisan Samman Nidhi (PMKSN) programme during his budget speech on 1st February, 2019, it becomes essential to differentiate between 12.56 crore operational holding households (enumerated, as per the Agriculture Census) and 13.33 crore ownership holding households (estimated, as per the 70th round National Sample Survey report no. 571) pertaining to size upto 2 hectares. In his budget...

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