In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
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We did not manage to double the income of Indian farmers -Himanshu
-Livemint.com Multiple surveys indicate that we not only missed that goal but our rural economy is in deep distress On 28 February 2016, at a farmer rally in Bareilly, Uttar Pradesh, Prime Minister Narendra Modi announced the government’s intention of doubling the income of farmers by 2022, a year marking 75 years of India’s independence. That it was not just political rhetoric but a real project was evident from the follow-up. An...
More »House panel flags delay in cash aid to kin of those who died cleaning sewers -Fareeha Iftikhar
-Hindustan Times In accordance with a Supreme Court judgment of 2014, compensation of ₹10 lakh each is paid to the families of those who have died while cleaning sewers or septic tanks from the year 1993 onwards. New Delhi: A parliamentary standing committee has expressed disappointment over the delay in release of compensation to the families of 104 people who died while cleaning sewer or septic tanks manually, saying that there appears...
More »The PM Fasal Bima Yojana needs an urgent revamp
-The Hindu Business Line The main grouse that States have with PMFBY is that while premiums are distributed evenly across participants, claims are cornered by a few Six years after its launch and post multiple overhauls, Pradhan Mantri Fasal Bima Yojana (PMFBY), India’s flagship scheme for crop insurance, has largely failed to deliver on its objectives. An expert committee steered by Ashok Dalwai recently submitted a report showing that, between 2016 and...
More »Slow wheel: Editorial on the complicated bail process of undertrial prisoners
-The Telegraph It has been estimated that 76% of all prisoners in India — 371,848 in absolute numbers — are undertrials Days after the Indian president, Droupadi Murmu, highlighted the plight of poor and tribal undertrials languishing in jails for petty crimes despite getting bail, the Supreme Court has sought details of such prisoners for formulating a national scheme for their release. This is timely. It has been estimated that 76% of...
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