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To reduce rural distress, Narendra Modi government to raise agri credit target by 20 pct

-The Financial Express Finance minister Arun Jaitley may announce agricultural credit target of Rs 12 lakh crore for 2018-19, up 20% from the level for the current year, as he lends focus to addressing rural distress in the coming Budget. While the farm credit targets have been overachieved in recent years, the disbursal by October end this fiscal was 67% of the annual plan. The government is confident of exceeding the...

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Assuring Higher Farmer Income: Centre Passing the Buck to States Yet Again -Kavitha Kuruganti

-TheWire.in The proposed Market Assurance Scheme should not leave states to fend for themselves when it comes to price support for farmers, especially as the agrarian crisis is one that is caused mainly by central policies. The Budget season, that too in the last full year before the 2019 general elections, brings the debate back to agriculture in the country. Apart from several farmers’ struggles across the country, including the unprecedented unified...

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Wealth Of The Nation -Nisha Agrawal

-The Indian Express At Davos, India needs to outline its vision to make growth inclusive Earlier this month, the external affairs ministry announced that Prime Minister Narendra Modi would lead the “largest ever” Indian contingent to Switzerland during the four-day World Economic Forum 2018 in the Swiss Alps town of Davos on January 23. This made headlines since he is the first Indian PM to be attending Davos in over two...

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A misleading story of job creation -Praveen Chakravarty & Jairam Ramesh

-The Hindu India does not create 55 lakh new jobs every year, as claimed by a new report A recent research report titled “Towards a Payroll Reporting in India” authored by the Group Chief Economic Adviser of the State Bank of India and a professor from the Indian Institute of Management, Bangalore has caught the media’s and the Prime Minister’s fancy. Ostensibly, the main objective of the report was to make a...

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