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States demand more money from Centre ahead of Budget

-Business Standard We should work in unison to boost growth: FM Even as the Centre harped on devolving higher share of funds to states following the recommendations of the 14th finance commission, the latter demanded that they be given more money and the Union government should retain its share of funding for centrally-sponsored schemes in the upcoming Budget. At the pre-Budget meeting with Finance Minister Arun Jaitley on Saturday, states also sought more...

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Punjab seeks inclusive crop insurance scheme -Komal Amit Gera

-Business Standard The state demands that the insurance scheme should cover the produce lying in market yards, waiting to be bought by agencies Chandigarh: The Pradhan Mantri Fasal Bima Yojana, hailed as one of the most farmer-friendly crop insurance schemes of independent India, has run into rough weather in Punjab. The state is at loggerheads with the Centre over the efficacy of the crop insurance scheme. "The new scheme provides an indemnity level...

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A jobs scheme that steadied India

-The Hindu It is now a decade since the Mahatma Gandhi National Rural Employment Guarantee Scheme was launched, and it can be said with reasonable assurance that the programme has been largely successful in living up to what it set out to do: provide employment to India’s rural poor and improve their livelihoods. Sceptics of the spending programme, launched in 2006, had raised concerns that it would be yet another opportunity...

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No Guarantee In Mahabubnagar -Chakradhar Buddha & Rajendran Narayanan

-The Indian Express Lack of adequate staff, payment delays undermine MGNREGA in a Drought-hit district The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has completed 10 years and the NDA government recently claimed that its rule has resulted in a “transformation” in the implementation of the scheme. The veracity of the claim is highly questionable as we observe a wide lacuna in its implementation in several places. Here, we focus...

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Nabard thinks Mumbai needs 50% of agri loans -Alok Deshpande

-The Hindu The fact that a megapolis, and not the Drought-affected areas of Maharashtra, is the biggest beneficiary, has angered many Bristling with glass towers and commercial districts, Mumbai is unquestionably the financial capital of India. The most greenery an average Mumbaikar can hope to grow is a few herbs in window flower-pots. Which is why it seems strange that the city will be the biggest beneficiary of agriculture loans, as projected by...

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