-The Indian Express Of the Rs 80,310 crore the 26 states allotted to SCSP schemes in 2012-13, when the UPA government was in power at the Centre, Rs 61,480 crore was spent. WITH various political parties staking claim to the legacy of Dr B R Ambedkar on his 125th birth anniversary, the latest annual report by the Scheduled Caste Commission has found that almost all states have failed to honour their budgetary...
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Subsidies to farmers help agriculture? Perhaps not
-The Financial Express Rising dole hits both investment and productivity With around Rs 175,000-180,000 crore of annual expenditure on agriculture subsidies, the government probably feels it is doing a lot for the farmers and, come election time, will probably boast about it to get the rural vote. Yet, as an Icrier analysis at its ‘Supporting Indian farms the smart way’ workshop shows, not only is the rising subsidy not helping agriculture as...
More »Punjab foodgrain scam: Top bankers say could stop lending to state
-PTI The decision was taken by a consortium of banks which held a meeting in New Delhi. Some thirty odd bankers led by State Bank of India, which are staring at heavy losses to the tune of Rs 12,000 crore from the unfolding food scam in Punjab, on Monday discussed all options, including to stop lending to the state government. The decision was taken by a consortium of banks which held a meeting...
More »Success story in drought-hit MP -Jupinderjit Singh
-The Tribune Punjabi farmer grows coriander and reaps handsome profit Chandigarh: Alambir Singh Randhawa (62), a resident of Chandigarh and owner of 160 acres in Sagar district of the drought-hit Madhya Pradesh, had never seen the Betwa river in the region bone dry. The river-fed irrigation system of the state had failed. With no proper rain since August 2015, he along with other farmers was staring at another season of loss but playing...
More »Grain vanishes from Punjab godowns; may burn Rs 12,000-crore hole in bank books -Sangita Mehta & MC Govardhana Rangan
-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab Government's food borrowing programme to provide for potential...
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