-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
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Are India’s labour laws too restrictive? -Suresh Seshadri
-The Hindu For employers, availability of skilled workforce and worker-management ties are more vital Some State governments including Uttar Pradesh (U.P.) and Madhya Pradesh (M.P.) have proposed ordinances to exempt manufacturing establishments from the purview of most labour laws. In a discussion moderated by Suresh Seshadri, Amit Basole (Associate Professor of Economics, Azim Premji UnverSITy, Bengaluru) and K.R. Shyam Sundar (Professor of Human Resource Management, XLRI, Jamshedpur) look at the backdrop for...
More »Government outlays plan for credit boost to agriculture sector -Shayan Ghosh
-Livemint.com As announced by finance minister Nirmala SITharaman, 25 million farmers who do not have a Kisan Credit Card will now be able to avail concessional credit The government on Thursday decided to boost the flow of credit to the agriculture by attempting to bring more farmers under the Kisan Credit Card (KCC) scheme and through an additional outlay for farm loan refinance. As announced by finance minister Nirmala SITharaman, 25 million farmers...
More »Panel proposes land pooling to corporatise agri, merging MNREGA with skilling programmes -Shyamlal Yadav
-The Indian Express The draft proposes that the land pooling model which is used in building greenfield airports can be used in agriculture to enable corporatisation, which will create demand for skilled labourers. A LAND pooling model enabling corporatisation of agriculture, opening up EPF and ESIC for the unorganised sector, merging the MNREGA with skill development programmes to create a wage subsidy programme —- these are some of the proposals that have...
More »Coronavirus package: Migrant workers to get free foodgrains
-The Hindu Rs.3,500 crore of second tranche of stimulus to be spent on allocation to those without ration cards. A major focus of the second tranche of the economic stimulus package announced by Union Finance Minister Nirmala SITharaman on Thursday was to provide free foodgrains for the next two months to migrant workers who do not have ration cards. The Centre will spend ₹3,500 crore for this purpose. Quoting numbers from State governments,...
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