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For Jan Dhan, banks to lend Rs 1.65 lakh cr via overdraft -George Mathew

-The Indian Express The government is aiming to lend Rs 165,000 crore to the poor and unbanked population through the overdraft facility at an interest rate of 11 per cent under its ongoing Jan Dhan financial inclusion programme. "It is estimated that there are 18.2 crore basic banking accounts and. by the end of the campaign another 15 crore accounts would get added. An overdraft of Rs 5,000 in each of these...

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India's 93.2% quandary at WTO -Soumya Kanti Ghosh

-The Business Standard WTO reconvenes to re-examine issue of agriculture subsidies, numbers alone suggest that India has a strong case for declining to sign WTO's TFA The World Trade Organisation (WTO) is reconvening in the last week of September to examine the issue of agricultural subsidies against the backdrop of India's refusal to become a signatory to the trade facilitation agreement (TFA) at Bali. Since then, a lot of water has flowed...

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Bring back exams, more weight on learning, teachers -P Vaidyanathan Iyer

-The Indian Express The Rajasthan government is planning two significant amendments to the Right to Education (RTE) Act: reintroducing exams in at least three classes from Class I to 8, and giving more weightage to "learning outcomes" than to physical infrastructure of schools while deciding on their recognition or registration. A senior Rajasthan government official told The Indian Express that during Chief Minister Vasundhara Raje's "sarkar apke dwar" programme, parents suggested that...

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Making it work -Shamika Ravi

-The Indian Express The MGNREGS stands out as one of the Indian government's most ambitious social schemes, with far-reaching consequences throughout the economy. The only known recipe for poverty eradication is a combination of high growth and high development spending. Neither is sufficient. A recent study (Kapoor and Ahluwalia, 2012) has shown that post-liberalisation, one champion of poverty reduction in India is Andhra Pradesh. This reduction in poverty is widespread, as...

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Farmer in distress -Bharat Jhunjhunwala

-The Statesman Prime Minister Narendra Modi has expressed anguish over suicides by farmers, whose condition has not improved despite the high rate of economic growth. The reason for this distressing state of affairs is that economic policies are badly crafted. The primary effort of the Government has been to increase agricultural production. The price factor is not taken into consideration, the perception being that the farmer will be better off...

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