-Tehelka Prime Minister announced increase in quantum of compensation for crop damage to affected farmers by 50 per cent. Showering a bright hope to small entrepreneur, Prime Minister Narendra Modi launched MUDRA (Micro Units Development and Refinance Agency) bank under the Pradhan Mantri Jan Dhan Yojana which will provide credit up to 10 lakh to small entrepreneur and act as a regulator for ‘Micro-Finance Institutions' (MFIs). The prime minister also announced increase in...
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Budget in search of hope -Ashok Sekhar Ganguly
-The Telegraph The 2015-16 budget was presented to the Lok Sabha by the finance minister on February 28, 2015. The first half of the 2015 budget session of both Houses of Parliament has just ended. The highlight was the passing of a number of bills and the budget debate. The debate on the budget in the Rajya Sabha was a long one, lasting over 10 hours. Several speakers participated, drawn from...
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-Business Standard Unpredictable weather may impact 30 per cent of the harvest India has been hit by unusual weather. Much of the country has endured unseasonal rain, even hailstorms. In the process, nearly 30 per cent of the rabi planting seems to have been spoiled, with adverse implications for food availability and inflation, as well as farmer distress. The first half of March has been unusually cool, besides being the wettest for...
More »'Monsoon likely to be normal'
-Business Standard Assocham-Skymet report, however, says untimely rain likely to reappear in north India in 5-6 weeks India's southwest monsoon, which accounts for almost 80 per cent of the country's total precipitation, is expected to be normal this year, predicts a joint study by the Associated Chambers of Commerce and Industry and private weather forecaster Skymet. However, there would be pockets where the showers are expected to be deficient. These include Himachal Pradesh,...
More »NDA’s challenge: agrarian crisis -Anil Padmanabhan
-Livemint.com Govt will be judged on how it deals with the crisis; recognizing the problem is the first step, but a lot depends on how it executes the rescue The bout of Unseasonal Rainfall in north India over the last few weeks has triggered fears that standing Rabi crop may have suffered extensive damage. It may or may not be true. Regardless, it has once again put the spotlight on the agriculture...
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