-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
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NSSO collecting data on communicable diseases for 1st time
-IANS Kolkata: The National Sample Survey Office (NSSO), which started the 75th round of survey from July 1, is for the first time collecting data related to communicable diseases, officials said here on Monday. The National Sample Survey 75th round (NSS-75) covers household consumer expenditure as well as household social consumption -- education and health. "For the first time in NSS health survey, the data collected will enable assessment of population who are...
More »The roots of rural distress -Manas Chakravarty
-Livemint.com Forgiving farm loans is no solution. The data shows there’s a far more fundamental problem—most agricultural households are unable to keep body and soul together. There’s nothing new about rural distress. Nor is it surprising. If the income of almost 70% of farm households is less than their consumption expenditure, according to the government’s own data, then it’s obvious they’ll be “distressed”. Yet that’s the inescapable conclusion from the National Sample...
More »South India spends most on higher education
-The Times of India MUMBAI: Education may be priceless, but the promise of a degree has seen parents across India foot large bills. Those from the rural and urban pockets of southern states spend the most, largely sign up at a private university and finance their children's dream of a technical education. On average, higher education accounts for 15.3% of the total household expenditure in rural and 18.4% in urban areas....
More »Wealth in India: The poor do not count -Manas Chakravarty
-Livemint.com The richest household’s assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...
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