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The Centre asks Bankers to Restructure Crop Loans and Insurance

-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...

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Gram Nyayalayas scheme yet to get off the ground

Is it the case that lack of Central financial assistance is restricting the growth of Gram Nyayalayas? Available Government documents and reports corroborate this doubt.   Shri Kapil Sibal who was the Law and Justice Minister during the UPA rule while answering a question on 18 December, 2013 said that since the commencement of the Gram Nyayalayas Act, 2008, an amount of Rs. 3425.8 lakh was provided to the states as...

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8 Centrally Sponsored Schemes Delinked from Support of the Centre

-Press Information Bureau/ Ministry of Finance The plan outlay of 2015-16 reflects the compositional shift in the allocations for various Programmes and Schemes in view of high devolution; 42% of Union Taxes, to States as per the recommendation of 14th Finance Commission. Making his Budget Speech while presenting the General Budget 2015-16, the Finance Minister, Shri Arun Jaitley said that consequent to this substantially higher devolution, many schemes on the State...

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Goa's Mining Logjam -Pamela D’Mello

-Economic and Political Weekly   The stage is all set for the resumption of iron ore mining in Goa after it was suspended in the state in 2012, to curb its indiscriminate and illegal mining. The Goa government's decision to renew the mining leases comes at a time when the economics of iron ore mining have changed and environmental concerns have gained more prominence. Pamela D'Mello (dmello.pamela@gmail.com) is a Goa-based journalist. The state government...

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Create National Common Market in Agricultural Commodities: Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, building on the Budget 2014 recognition for setting up a national market, farmers' markets and need for the Central Government and the State Government...

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