-Financial Express Even as loan waivers are known to help a small number of farmers, Odisha has come up with a farmer-centric scheme which assists farming on a large and secular scale. It comes at a time when a debate on validity of loan waiver is being discussed across the country. KALIA — a farmer-specific scheme launched by the state — includes payments to everyone from big farmers and landless cultivators...
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Finance ministry has a poor forecasting record -Sharmadha Srinivasan, Prakhar Misra and Niranjan Rajadhyaksha
-Livemint.com Given the over-optimistic revenue estimates and under-budgeted expenditure, the FinMin’s budget projections should be taken with a pinch of salt Dark clouds are gathering over the fiscal horizon. Finance minister Arun Jaitley will table an interim budget on 1 February—just weeks before India goes to polls. There’s a growing consensus among analysts that the government will miss its revenue target for the year, largely because the collections from the goods and services...
More »Farm Loan Waivers and Corporate Defaulters are Two Sides of the Same Coin -Seshadri Kumar
-TheWire.in Why is Rs 1.84 lakh crore a "frightening challenge" for banks, but Rs 10.17 lakh crores not? The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan. This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from...
More »India's Cow Crisis Part 3: Brutal to kill India's ancient Uber economy -Sunita Narain
-Down to Earth Sunita Narain on cow-vigilantism, cattle trade and the collapse of the livestock economy of India I would not advocate vegetarianism. When I reasoned this out in this column a few years ago, I received the usual insults. Environmentalists are expected to be vegetarian, or better vegan! But what many didn’t register was my emphasis: “I am saying this as an Indian environmentalist; not global or western environmentalist.” My argument has...
More »10 per cent quota: Pool of jobs in govt, banks shrinking steadily -Aanchal Magazine & Anil Sasi
-The Indian Express The latest data compiled by the Department of Personnel and Training (DoPT) on recruitment over the last three years through the main agencies show a declining trend in selection and recruitment, from 1,13,524 cumulatively in FY2015 to 1,00,933 in FY2017. New Delhi: In terms of employment prospects, beneficiaries of the 10 per cent reservation for economically weaker sections in the general category, which was passed in Parliament last week,...
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