-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...

-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...

-The Hindu Fund-starved civic body mulls move Chennai: Owing to a severe fund crunch, the Chennai Corporation is now exploring the possibility of reducing the number of Amma canteens in the city. The civic body, which is unable to settle bills of contractors for completed infrastructure projects worth ?700 crore, is likely to reduce the number of canteens from 407 to 200. However, the decision to close many of these canteens has been...

-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...

-The Tribune Farmers are determined to take it to a logical conclusion SOMETHING unusual happened last week. Farmers in Maharashtra organised an amazing ‘strike’. Last month farmers in a village of Ahmednagar decided that they would stop sending their produce  — food grains, vegetables, etc. — to cities from June 1. Soon, the call was adopted by the farmers of the entire district. Before anyone could realise, this resolve had extended to...