-The Business Standard Financial inclusion must be set up to pay for itself The Jan Dhan Yojana, a scheme for financial inclusion announced by Prime Minister Narendra Modi in his Independence Day speech, intends to take banking services to the 40 per cent of India that does not have Bank Accounts. This task is daunting. A good portion of those no-frills accounts that have already been opened have only minimal activity -...
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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Andhra Pradesh counters RBI's claims -Jinka Nagaraju
-The Times of India In a sternly-worded letter dashed off to the Reserve Bank of India (RBI), the Andhra Pradesh government has urged the institution to not underestimate the distressful conditions prevailing in the state for the past three years, which has forced as many as 6,792 farmers to commit suicide. The nine-page letter dated July 25, countering RBI's argument about AP reporting no cases of acute concern among farmers, has been...
More »Putting the poor on the list -Charan Singh, Akshay Goenka and Ritesh Garg
-The Hindu Business Line A new approach to financial inclusion using post offices The Government is making intensive efforts to extend access to financial resources such as savings accounts, credit and insurance services to unbanked sections of our society, and the knowledge and freedom to leverage them to one's benefit. The Budget has already mentioned that the Government considers financial inclusion as an important thrust area and the Prime Minister is expected...
More »Officials blame farmer suicides on poor rains -Zia Haq & Pradip Kumar Maitra
-The Hindustan Times Suicides by farmers in Telangana and pockets of Maharashtra since the start of a poor monsoon season are threatening to reach alarming levels, as authorities weigh options to handle a long-standing problem. In Telangana, over 100 farmers have committed suicide so far, according to some accounts, which officials were yet to verify. In Maharashtra, 72 suicides have been reported since June. "There have been some suicides. We are ascertaining the...
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