-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

-The Hindu Business Line Bearish price trends in the global market, poor rainfall took toll on farmers in 2014 Farmers in the country were hit by a double whammy in 2014. Even as poor monsoon affected kharif output, lower commodity prices, largely influenced by a bearish trend in the global market, aggravated the agrarian crisis this year. In addition, the uncertainty over the vagaries of nature, largely through frequent unseasonal rains, compounded...

-Reuters   The government has ordered a cut of nearly 20% in its 2014-15 healthcare budget due to fiscal strains, putting at risk key disease control initiatives in a country whose public spending on health is already among the lowest in the world. Two health ministry officials told Reuters on Tuesday that more than 60 billion rupees, or $948 million, has been slashed from their budget allocation of around $5 billion for the...

-The Indian Express In an article in these columns (‘A fertile mess', IE, December 11), Ashok Gulati says India has landed its fertiliser industry in a mess because of rising subsidies, lagging investment, unbalanced use of fertilisers and diversion of urea for other uses, among other things. He blames it all on administered pricing and subsidy costs, and advocates the increase of urea prices or cash transfer of the fertiliser subsidy...

-The Times of India A year ago, Vijayalakshmi decided to risk her decade-old corporate lifestyle to launch Design-Dreams, a web design venture, using her own funds. The BITS Pilani post-graduate may have successfully made the leap to an entrepreneur, but expects the climb ahead to be steep. "When you walk into a networking seminar, you can count the number of women on your fingers. One feels secluded and interactions are difficult,"...