-Down to Earth Reserve Bank of India refuses to bail out three district cooperative banks Kharif sowing season is close at hand, but around 100,000 farmers of Nagpur, Wardha and Buldhana districts in Maharashtra are unlikely to get agricultural loan or hailstorm relief from the District Central Cooperative Banks (DCCBs) because the Reserve Bank of India (RBI) has rejected banking applications of these banks. Worse, fixed deposits worth Rs 1,716 crore belonging...
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Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Pranay Sharma
-Outlook The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...
More »Urbanization and Spatial Patterns of Internal Migration in India -S Chandrasekhar and Ajay Sharma
-Indira Gandhi Institute of Development Research (IGIDR) With an urbanization level of 31.16 percent in 2011, India is the least urbanized country among the top 10 economies of the world. In addition, unlike other countries, the transition of workforce out of agriculture is incomplete. This coupled with jobless growth in recent years has contributed to an increase in certain migration streams. While rural-rural migration continues to be the largest in terms...
More »UPA out, rural ministry plans to scale down NREGA -Brajesh Kumar
-The Hindustan Times What was inconceivable only few days ago in the corridors of the rural development ministry is now openly being pitched for - how to scale down UPA government's brainchild NREGA. Ministry officials are busy drawing up a blueprint for the new government to tweak NREGA in a bid to increase the efficiency of the 2006 rural job guarantee scheme. Some of the proposed changes include a focus on select blocks...
More »Failed politics, winning economics -James Manor
-The Indian Express Contrary to conventional wisdom, the UPA lost despite an inclusive, growing economy. Economists have been busy telling us that the economy decided the election result. We heard it during the campaign and they have been at it again in their post-mortems. They are wrong. Consider some evidence. Most Indians live in rural areas. Elections are won and lost there. So for any government, it makes good electoral sense to look...
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