-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...
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Supreme Court to hear plea against re-promulgated land ordinance on Monday
-PTI NEW DELHI: The Supreme Court today agreed to hear on Monday the plea of farmers' organisations challenging legality of the fresh promulgation of the land acquisition ordinance by the Narendra Modi-led government. "We will have it on Monday," a bench comprising Chief Justice H L Dattu and Justice Arun Mishra said, when senior advocate Indira Jaisingh, appearing for farmers' organisations sought urgent hearing of the petition. The farmers' organisations, in their plea...
More »PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs
-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
More »India’s silent spring -Ashwini K Swain & Glada Lahn
-The Hindu Business Line Overuse of groundwater, fertiliser and energy threatens the future of agriculture. A coherent policy response is called for India's agricultural sector is far more important to the country than its falling share in the GDP suggests. About two-thirds of India's population depends on agriculture for livelihood. Bucking global trends, the agricultural population in India rose by 50 per cent between 1980 and 2011. And in spite of sustained...
More »Old but not gold -Rukmini S
-The Hindu India now has over 100 million citizens over the age of 60, five times the number in 1950. Independent India was born an extraordinarily young country. The median age was just a little over 21, and nearly 60 per cent of the population was under 25. With life expectancy just 36 years, the issue of managing an ageing population must have seemed like challenges for the distant future. Much has changed...
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