-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...
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Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
More »Harmful waivers
-The Hindu Business Line Loan write-offs will become redundant if we have a robust crop insurance system The Chief Minister of residual Andhra Pradesh N Chandrababu Naidu may have bought time in implementing his lavish pre-poll promise of waiving ₹54,000 crore worth of farm loans. The decision to appoint an expert committee to recommend guidelines on the waiver may well be a ploy to defer - even soften - the impact of...
More »It is obvious why farming is dying -Devinder Sharma
-The Hindustan Times Chandigarh: The euphoria in the stock markets, after a strong mandate for Narendra Modi, hogs the national headlines. Unfortunately, the loud cries of wailing farm widows have been lost in the noise and clatter that follows. Isn't the continuing agrarian crisis the worst form of policy paralysis? There is a renewed spurt in the number of farm suicides across the country. My colleague Dr GV Ramanjaneyulu of the Centre for...
More »The loud cries of farmers' widows have been lost in the din of the Narendra Modi coronation-Devinder Sharma
-DNA In the midst of the euphoria in the capital markets, after a strong mandate for Narendra Modi, the loud cries of wailing farm widows have been lost in the noise and cacophony that followed. To my mind, this is the biggest policy paralysis that afflicts the country. So when I heard Modi speak at the Central Hall of Parliament the other day: "Ours will be a government that thinks, works and...
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