-Livemint.com The average annual income of agricultural households was Rs 107,172, the National Financial Inclusion Survey 2016-17 shows New Delhi: Rural households have access to banking and have savings but investment levels and pension and insurance coverage remain very low, a financial inclusion survey conducted by the National Bank for Agriculture and Rural Development (Nabard) showed. At the same time, levels of indebtedness were high and nearly equalled annual incomes, according to...
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Modi govt's ad spend could feed 46 million children mid-day meal for a year -Shreya Raman
-Business Standard/ India Spend The BJP-led government spent Rs 4,880 crore ($753.99 million) on advertising its flagship schemes in the 52 months between April 2014 and July 2018 Mumbai: Midday meals for 45.7 million children for a year. One day’s wages for 200 million workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS). About 6 million new latrines. And at least 10 more Mars missions. These were some of the things...
More »PMFBY -- Insurance Companies Make Super Profits, Farmers Suffer -Subodh Varma
-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
More »The Indian economy's changing growth constraints -Niranjan Rajadhyaksha
-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...
More »Blame on apathy for hunger deaths -Pheroze L Vincent
-The Telegraph New Delhi: Poor implementation of welfare schemes by the Delhi government allowed for conditions in which three sisters - Mansi, 8, Shikha, 4, and Parul, 2 - died of starvation in the national capital last month, a fact-finding report by a group of six activists has found. The team that included Harsh Mander, a former bureaucrat and special commissioner to the Supreme Court for Right to Food cases, found that...
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