-The Indian Express Higher education in India is failing. Overhauling the system can salvage it Let me start with a blunt statement: India’s higher education is in general a decrepit, dilapidated system, it’s afflicted by a deep malaise. The National Knowledge Commission—Report to the Nation (2006-9) put it only a bit more mildly: “There is a quiet crisis in higher education in India which runs deep”. Three widely acknowledged criteria for judging an...
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Towards less-cash agriculture: Well before demonetisation, low credit-driven model came up in Dewas -Vivian Fernandes
-The Financial Express In Madhya Pradesh’s tribal districts of Dewas and Khargone, the NGO, Samaj Pragati Sahayog, discourages cash transactions for agricultural inputs. The interest rates are usurious and vary according to commodities. For fertiliser, it is dheda—loan for the stuff has to be repaid 1.5 times over by the end of the harvest season. For pesticides it is sawa, or 1.25 times. Even barter can be extortionate. One quintal of...
More »In villages where it flows, SYL canal matters less than jobs -Jagdeep Singh Deep
-The Indian Express The Congress for its part has claimed that it was the one that “saved” Punjab’s water as it had cancelled the SYL agreement with Haryana during its 2002-2007 term in office, when Amarinder Singh was chief minister. Kapoori (Patiala): When Harinder Harry discusss the elections in Punjab, he talks about unemployment, drugs and several other issues, but makes no mention of the one thing that his village is famous...
More »Demonetisation effect: Govt, RBI to bring tougher norms for co-op banks -Mahua Venkatesh
-Hindustan Times The government and Reserve Bank of India (RBI) are set to bring out tougher norms for cooperative banks, which have come under scanner for alleged discrepancies and irregularities in the wake of the demonetisation drive. According to a recent report by the income tax department, most banks have indulged in money laundering after the Narendra Modi government announced ban on high-value bank notes of Rs 500 and Rs 1,000 from...
More »'Have money, can't lend!' -TCA Sharad Raghavan
-The Hindu The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare. “It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both...
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