For those who asked why the farmers of Madhya Pradesh, Maharashtra and other states hit the streets during June and July this year, the report prepared by the Committee on Doubling Farmers’ Income could be a ready reckoner. Prepared under the chairpersonship of Ashok Dalwai, the report on Doubling Farmers’ Income after studying the trends in crop income and cost associated with 23 crops, reveals a mixed picture across the...

-Down to Earth The farmers have to make an investment of Rs 463 billion in the next five years A “New India” is the latest national agenda. Prime Minister Narendra Modi, in his fourth Independence Day speech, made an appeal with his trademark gesture of both hands pointing towards the gathering: “A new India that would fulfil the dreams of the young and women, and see the income of farmers double.” Doubling...

-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...

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

-The Hindu In the last three years, important entitlements for children have been undermined by the Centre The recent notification of the Ministry of Human Resource Development, making Aadhaar compulsory for midday meals in government schools, has attracted the criticism it deserves. This notification serves no clear purpose other than to force children to get enrolled under Aadhaar. The government, unfortunately, managed to create the impression that the notification had been retracted,...