-Deccan Chronicle On August 15, Prime Minister Narendra Modi announced the Pradhan Mantri Jan Dhan Yojana, a financial inclusion scheme that will ensure that at least one member of each and every family in India not only has a bank account with a debit card, but is also provided an overdraft facility of Rs 5,000, a life insurance policy of Rs 30,000 and accident insurance cover of Rs 1,00,000. On August...
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India's starving tea-garden workers -Sanjay Pandey
-Al Jazeera More than 100 workers have died of starvation since West Bengal's tea estates have begun shutting down. Jalpaiguri/Alipurduar, India - The picturesque tea gardens carpeting West Bengal's Dooars region are gradually turning into graveyards, as dozens of workers have fallen victim to starvation in recent months. More than 100 tea-garden workers have died of starvation in the past year amid site closures, activists say - but rather than taking action, the...
More »Reforming agriculture: time for the next green revolution? -Shujaul Rehman
-The Hindu Business Line How ‘Protected Cultivation' can help prevent crop damage due to national disasters While the first green revolution managed to make the nation self sufficient the next round of reforms certainly needs to address the problems faced by today's farmers. According to statistics available on Indian Council of Agricultural Research, India reaped a record foodgrain production of 259.32 million tonnes (mt) in 2011-12. However, the output fell to 257.13...
More »A big bang reform that may be spot on -TT Ram Mohan
-The Hindu The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...
More »PM’s Jan Dhan Yojana faces access deficit -Rukmini S
-The Hindu Providing access to credit likely to be a hard step For Prime Minister Narendra Modi's newly launched Jan Dhan Yojana to be successful, India needs to provide over 100 million households access to banks, data show. An even harder step, however, is likely to be access to credit. As of March 2012, the most recent year for which relevant Reserve Bank of India (RBI) statistics are available, India had over 900...
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