-The Hindu It is time to stand by those who are being jailed for activism or persons like Naseeruddin Shah who are raising questions about growing intolerance in the country, Professor Amartya Sen told reporters here on Monday. “There is growing intolerance compared to the past. Many activists are now jailed as Maoist sympathisers…it is extraordinary violation of human rights. Even Naseeruddin Shah is targeted. “We should stand by those who are targeted...
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Will farm loan waiver go the way of the property tax repeal? -Indira Rajaraman
-Livemint.com All recent reforms mooted on farm credit do not address the needs of farmers for whom formal credit doors are shut Farm distress has been a sadly persistent feature for the past five years, the initial two years on account of failed rains, but in the last three years because of policy failure on a number of fronts, including, most visibly, unremunerative prices for farm produce. That it shapes electoral...
More »A double-edge sword for farmers -- Loan waivers shrink credit supply to the farm sector -Kushankur Dey
-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...
More »Why credibility of India's fiscal math is under strain -Nikita Kwatra
-Livemint.com Unless the convoluted arithmetic behind fiscal deficit gets as much attention as headline fiscal deficit number, creative accounting practices will go on Mumbai: The Narendra Modi-led National Democratic Alliance (NDA) government has been lauded for its ability to rein in the headline fiscal deficit over the past few years, which has arguably helped tame inflation. However, with reverses in key assembly elections earlier this month and Lok Sabha elections to be...
More »Demonetisation and agrarian crisis exposed consequences of financial exclusion: Report
-PTI NEW DELHI: The sudden move to demonetise a bulk of Indian currency in circulation and the deteriorating agrarian distress in the country have exposed the consequences of financial exclusion, said a report released Tuesday. The India Exclusion Report 2017-18, brought out by Centre for Equity Studies (CES), said people's ability to spend, receive wages and survive depended crucially on whether they were part of the banking system or not after 84...
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