-Business Standard To connect with villages to highlight two years' achievements To commemorate two years of its rule, the Narendra Modi government is planning to penetrate deep into the hinterland, rural areas and Tier-2 towns with a Balance Sheet of its achievements. Officials said though much of the plan is still in the works, the thrust is to take the message to the grassroots. The rural engagement programme might not be limited to...
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Arvind Subramanian, Chief Economic Advisor, interviewed by Business Standard
-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...
More »Is the economy sick? -Salman Anees Soz
-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...
More »MP loan scam: Interest subsidy for 1.77 lakh ‘ghost’ farmers swindled -Amarjeet Singh
-The Times of India BHOPAL: At a time when suicides by farmers in Madhya Pradesh following scanty rain and poor yield have brought back focus on their plight, allegedly more than 1.77 lakh ghost farmers benefitted from interest subsidies on their loans. Putting a question mark on the much hyped 0% interest farm loan scheme of the state government, a series of RTI queries by TOI revealed that between 2007-08 and 2012-13,...
More »No food for cultivators -Devinder Sharma
-DNA When it comes to farmers, the government has precious little to offer The monsoon season is over. With 14 per cent shortfall in the amount of rains, and with nearly 39 per cent of the cropped area in the country hit by a crippling drought, I was expecting the Reserve Bank of India governor Raghuram Rajan to announce a series of monetary benefits and exemptions in credit repayments for farmers....
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