-The Telegraph More than half of the country's small and marginal farmers continue to be left out of the ambit of formal finance A recent report by the Reserve Bank of India found that despite a plethora of schemes aimed at financial inclusion, only 40.9 per cent of small and marginal farmers have so far been covered by the banking system. Small and marginal farmers are defined as those with operational land...
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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
More »Migrants in Tamil Nadu: case of much ado about nothing? -Vignesh Radhakrishnan & Pon Vasanth BA
-The Hindu There is now an opportunity to temper the rancour in Tamil Nadu over ‘migrants taking over’ jobs meant for locals, thanks to the data on migration — inward and outward — from Census 2011. Chennai: Controversies witnessed in recent months over the recruitment of non-Tamils in government jobs in Tamil Nadu have triggered a perceptible rise in voices against migrants taking up jobs in the State. The slogans demanding ‘protection’ of...
More »Prayagraj's unemployment rate highest in country, 1.5 lakh unemployed in govt records -K Sandeep Kumar
-Hindustan Times Prayagraj, or the erstwhile Allahabad, tops this unemployment list with an unemployment rate of 8.9%. It’s no mere coincidence that Uttar Pradesh’s Prayagraj has the dubious distinction of being the city with the highest unemployment rate in the country. Government record shows that a whopping 1.5 lakh unemployed youth are in the queue of those hunting jobs which are few and far in between. The National Sample Survey Organisation (NSSO) in...
More »Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
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