-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...
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Banks killed road sector: official -TCA Sharad Raghavan
-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The banks have killed the road sector,” he said. “There was a bubble because the banks would...
More »India faces shortage of pulses; to import from Myanmar, Australia and Tanzania -Sudhir Suryawanshi
-DNA Country to import 50 lakh MT pulses from Myanmar, Australia, Tanzania India's 'low pulse' is going to pump up the economies of three countries – Myanmar, Australia and Tanzania. India needs to urgently import 50 lakh metric tonnes (MT) of pulses worth over Rs 2,600 crore to meet the domestic demand of 2.10 lakh MT. "There is no supply. Farmers had stopped cultivating pulses for want of incentives. Besides, to cultivate pulses,...
More »Aadhaar-based fertilizer subsidy transfer in limbo -Saurabh Kumar
-Livemint.com Given condition of land records and problems in identifying actual beneficiaries, the task is gigantic, say analysts New Delhi: The Aadhaar-based direct benefit transfer (DBT) of fertilizer subsidies may not see the light of day anytime soon. “The roll-out of DBT in fertilizer will take some time because there are various hurdles,” said a government official, who is working on DBT. The official, who requested anonymity, said that “this is more challenging”...
More »Cut in RKVY Funds to Hit Agriculture Sector Hard
-The New Indian Express BHUBANESWAR: Implementation of several schemes including Rashtriya Krishi Vikash Yojana (RKVY) in the Farm Sector will be affected because of the drastic cut in Central allocations. Other programmes to be hit by the Central decision include Rainfed Area Development Programme (RADP), National Food Security Mission (NFSM), National Horticulture Mission (NHM) and Sub-Mission for Seed and Planting Material (SMSP). Sources said the State Government will continue to implement the programmes...
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