Promises are made to be broken. In its 2014 Lok Sabha election manifesto, the Bharatiya Janata Party (BJP) made the promise that if it is elected to the Centre, it will then accord a high priority to job creation and opportunities for entrepreneurship, among other things. But latest data on unemployment shared by the BJP MP Shri Bandaru Dattatreya in written form while replying to an unstarred question in the...
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2015 drought effect: Sugar yield sees worst fall in 10 years, prices set to rise -Bhavika Jain
-The Times of india MUMBAI: Even as the agriculture sector shows signs of recovery from the severe 2015 drought, the sugar industry is yet to get over it. The crushing season for 2016-17 has officially come to an end and it has recorded the lowest sugarcane crushing and production of sugar in the last 10 years. A total of 371.4 lakh metric tonnes of sugarcane was crushed in 147 mills across the...
More »Does the Banking System Really Want to Help Farmers? -Devinder Sharma
-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
More »Only 0.5% jobs added in 8 key non-Farm Sectors from April to September last year -Subodh Varma
-The Times of India Just over one lakh jobs were added between April 1 and October 1 last year in eight key non-Farm Sectors of the economy ranging from manufacturing and construction to IT/BPO, education and health, according to a recent government report. Is this good or bad? Considering that these eight sectors together employ over two crore workers, the net addition of new jobs amounts to a mere half a per...
More »Farm loan waiver is no solution for Indian agriculture
-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...
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