-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost...
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Slowdown stories from India's heartland -Sayantan Bera
-Livemint.com With sliding incomes, rural households are struggling to stay afloat and are curtailing consumption of essential goods Vidisha/ New Delhi: Ram Babu, who runs a hole-in-the-wall grocery store in Nateran village nestled deep inside Madhya Pradesh’s Vidisha district, doubles up as a daily wager. However, with villagers cutting on small purchases, sales in his shop are down. Moreover, landless households dependent on wage labour are unable to find work—a day of...
More »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 »Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »Agri families borrow more, eat less to cope with kin's suicide: study -Sayantan Bera
-Livemint.com * Average income of farm suicide families was just Rs.3,523 per month in 2016-17, below Rs.4,561 estimated by NSSO: study * The study found that 92% of farm suicide families were not enrolled under the centre’s flagship crop insurance scheme NEW DELHI: Agricultural households are trying to cope with the suicide of an earning member of the family by borrowing more, skimping on food and even taking recourse to bonded labour, a...
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