-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...
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Troublesome landing -Dipankar Dasgupta
-The Telegraph Singur, the potato bowl of Bengal, appears to have landed in trouble again. Not on account of unwilling farmers grieving over their lost assets, but on account of overproduction by the ones who didn't lose their land. Excess supply of the crop has pulled down prices, leading indebted farmers to slither down the precipice. According to media reports, matters have come to a dismal pass, with a section of...
More »PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs
-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
More »India’s silent spring -Ashwini K Swain & Glada Lahn
-The Hindu Business Line Overuse of groundwater, fertiliser and energy threatens the future of agriculture. A coherent policy response is called for India's agricultural sector is far more important to the country than its falling share in the GDP suggests. About two-thirds of India's population depends on agriculture for livelihood. Bucking global trends, the agricultural population in India rose by 50 per cent between 1980 and 2011. And in spite of sustained...
More »Land Acquisition Bill: Missing the big, bleak picture -Sanjay Kumar & Pranav Gupta
-The Hindu With the Land Acquisition Bill in the limelight, nobody is talking about the real reforms that farmers need. A major survey finds that almost half the respondents don't want to continue with agriculture. The unseasonal rains over the last few weeks have resulted in enormous loss of crop output across many States of North India. This has shifted attention from the issue of land acquisition to other important problems faced...
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