-The Hindu Business Line Farmers in election-bound States have stopped repaying in anticipation of write-offs Hyderabad: The increasing demand for farm-loan waivers and slippages in existing loan repayments by farmers in anticipation of write-offs are giving banks a nightmare. Apart from drawing the attention of policy makers and political pundits, last week’s mega farmers’ rally in the national capital has also created tremors among bankers. “The expectation of agricultural loan waivers next year when...
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MUDRA loans: Big States get a major share; smaller ones left high and dry -Radheshyam Jadhav
-The Hindu Business Line TN entrepreneurs account for 10% of loans disbursed Pune: The growth of entrepreneurship in the non–corporate small business sector (NCSB) in smaller States has not received any major boost under the Central government’s ambitious MUDRA loan scheme. Data show that States that already have higher Credit–Deposit (C-D) ratios — a yardstick that indicates better access to institutional credit — are the ones reaping the benefit of the scheme. While six...
More »Why parties prefer freebies to investments in election manifestoes -Ashok Gulati
-Financial Express It is the season of promising freebies to lure voters. Congress leads in these promises. It has promised a loan waiver in Chhattisgarh within 10 days of coming to power; and the hiking of minimum support price (MSP) of paddy to Rs 2,500/quintal, up from Rs 1,750/quintal, a 43% raise over the already increased MSP of paddy. In Madhya Pradesh, it has promised a loan waiver of up to...
More »Perils of over promising -Ashok Gulati
-The Indian Express Manifesto pledges to raise farmers’ incomes and increase MSPs take away focus from the structural reforms that are urgently required. It is a season of promising freebies to lure voters. The Congress leads in making these promises. The party has promised to waive farmers’ loans in Chhattisgarh within 10 days if it is voted to office. It has also promised a hike in minimum support price (MSP) of...
More »Why is Maharashtra reeling under drought? -Alok Deshpande
-The Hindu What happened? At the end of October, the Maharashtra government declared drought in 151 taluks in 26 of 36 districts, mostly in the Marathwada region and in the north. Experts said rainfall had been below par in large swathes of the State and faulty water conservation methods had added to the problem. How serious is it? The total number of villages affected by the drought — though the government has not shared...
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