-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...

-PRS Legislative Research The key findings of the report entitled: State of Agriculture in India by Tanvi Deshpande (March, 2017) are as follows: * The agriculture sector employs nearly half of the workforce in the country.  However, it contributes to 17.5% of the GDP (at current prices in 2015-16). * Over the past few decades, the manufacturing and services sectors have increasingly contributed to the growth of the economy, while the agriculture sector’s...

-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...

-The Indian Express Agricultural growth in Uttar Pradesh can be achieved by putting dairy in the lead role. State’s new chief minister has his task cut out for him Yogi Adityanath’s taking over as Uttar Pradesh chief minister has been criticised by several political pundits who say that Prime Minister Narendra Modi has picked “cow over development”. They may soon have to bite the dust, like the economic pundits, who had...

-TheWire.in India’s Human Development Index is 0.624, according to a UNDP report, falling to 0.454 when adjusted for inequality. New Delhi: According to the UN Development Programme’s Human Development Report 2016, released on Tuesday (March 21), India ranks 131 of 188 when it comes to the Human Development Index (HDI). This puts it in the ‘medium’ category. The index is based on three dimensions: life expectancy at birth, mean years of schooling...