-The Hindu The Supreme Court on Wednesday has refused to stay proceedings in cases filed in other High Courts and lower courts against the demonetisation of Rs. 500 and Rs. 1000 notes. A bench led by Chief Justice of India TS Thakur said the petitions in the various courts highlight "the different inconveniences highlighted in the various cases filed across the country, maybe some relief can be had by these people". Earlier, the...
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Demonetisation: How the cash crisis can be used to tame rural commercial capital -Pravesh Sharma
-The Indian Express These enterprises — whom she broadly categorises as ‘rural commercial capital’ — enjoy privileged access to formal credit networks. In her insightful study of the working of agricultural markets in West Bengal, British development studies scholar Barbara Harris-White has documented in detail how trade in farm produce is controlled through a web of rural and semi-urban agro commercial enterprises. These enterprises — whom she broadly categorises as ‘rural commercial capital’...
More »Missing stock is harming our food security
-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...
More »The Liquid Alternative: The ultimate antidote to farmers' debt woes - dairying -Harish Damodaran
-The Indian Express Again, going by NSSO data, while 11.9 per cent of an average Indian agricultural household’s monthly income comes from “farming of animals”, it is well over 24 per cent for Gujarat. Gujarat has a relatively low per agricultural household debt of Rs 38,100, as against the all-India average of Rs 47,000, according to the National Sample Survey Office’s (NSSO) data for 2012-13. Also, 79.2 per cent of the state’s...
More »31% rural households indebted, paying heavy interests despite various govt schemes: Panel -Iftikhar Gilani
-DNA Only 17% rural households take loans from financial institutions | Caste affiliation, gender play a part in getting credit As many as 31% of rural households in India are indebted and a significant number still depend on money-lenders, paying heavy interests, despite various government schemes and a network of rural banking. A parliamentary panel that probed the state of rural, agricultural banking found that a mere 17% rural household had taken...
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