-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
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Alone, with the mounting loan -Tomojit Basu
-The Hindu Business Line Farmers across Uttar Pradesh and Punjab lament weather woes and lack of social security Consumers may be bracing themselves for rising prices of vegetables and fruits, but the unseasonal heavy showers and hailstorms through the first half of March have already dealt a significant blow to farmers across much of the northern, central and western belts. Agriculture Ministry estimates earlier this week showed that Rabi crops in about 181...
More »Targeted lending to farmers a must -Gopa Kumaran Nair and Nirupam Mehrotra
-The Financial Express In a column in The Financial Express, ("Time to tweak priority-sector lending", goo.gl/6O8AOL, February 6), the author made a case for "tweaking" priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population. Specifically, the article argued for revisiting the sectoral targets and cited a reduction in the share of agriculture sector in GDP as a valid reason...
More »Cultivating the Farmer -Ravi Shankar
-The New Indian Express For now the storm is over. Untimely monsoons, which create much havoc for farmers, became a parliamentary allegory with the Congress raining on Modi's parade over the Land Bill. In spite of all the manoeuvring that will follow, clouds threaten to hang low over the next session too. This is indicated in Sonia Gandhi's decision to take to the streets in protest - a leaf taken from...
More »A renewed cycle of farmer distress
-Livemint.com Farm-loan waivers are costly palliatives that cause long-term damage Every decade or so India's farmers finds themselves in distress. Crop prices plunge, Debts mount and if there is real bad luck, the monsoon fails. Soon enough farmers begin committing suicides and in the din of noise about agrarian distress the government of the day takes some steps. They are no more than palliatives and end up doing more harm than good. Please...
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