-The Hindu Farm distress is increasingly being triggered by excess output and falling prices, but policy fixes are yet to address this Why are Indian farmers perpetually in revolt? The question has been raised by many after the recent farmers’ march to Mumbai and simmering rebellions across the States in recent years. No doubt, agriculture is one segment of the economy on which vote-conscious governments haven’t skimped on outlays. Over the years, Central...
More »SEARCH RESULT
Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »Dr. Kavita Rao, professor at National Institute of Public Finance and Policy (NIPFP), interviewed by Supriya Sharma (Scroll.in)
-Scroll.in The author of a paper published by a research institute under the Ministry of Finance expands on its conclusions. The drying up of cash has thrown the lives of millions of Indians in disarray. But many facing hardship support the government’s move. In Barabanki, Uttar Pradesh, a farmer who did not have cash to buy seeds and fertilisers, said, “Now when rich people deposit money in the bank, the income tax people...
More »Good news: Vidarbha suicides fall 50% -Vivek Deshpande
-The Indian Express Nagpur: Seven years after the suicide spiral in Vidarbha's six cotton-growing districts touched a record 1,449 in 2006, here's something to celebrate the new year with: the number of deaths fell to about half that number in 2013. The year gone by recorded only 752 suicides , although that number could rise by a few due to some late reporting. It also reflects a markedly improving suicide-to-population ratio considering...
More »Land lease is an idea whose time has come-NC Saxena
-The Business Standard It will make the coercive powers of the land acquisition law irrelevant, though including it in the central Bill would be unconstitutional The proposal to amend the central Land Acquisition Bill to provide for leasing of land rather than acquiring it is just not constitutionally feasible. Land is a state subject and the Centre cannot legislate on leasing at all. But as an idea it is great and should...
More »