-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriculture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...

-Business Standard Encourages states on short-duration and less of rain-dependent crops, pushes seed availability in case of re-sowing as IMD predicts deficit in rainfall this year Mumbai/ Hyderabad: With the forecast of monsoon rain revised downward, the Union ministry of agriculture has directed states to be ready with contingency plans. Earth Sciences Minister Harsh Vardhan said rainfall would be only 88 per cent of the long-term average from the 93 per cent expected...

-Business Standard R Nagaraj, professor at the Indira Gandhi Institute of Development Research (IGIDR), had disputed the Central Statistics Office (CSO) methodology on non-financial private corporate sector, which is a segment in the new GDP data. His criticism was mainly on the ground that CSO altered the methodology in 2015 from what was agreed on by a sub-committee, in which Nagaraj was a non-official member, in 2014. CSO gave a rejoinder...

-The Indian Express We need a contingency plan that combines real-time technology with robust insurance and easy credit. On April 22, 2015 the Indian Met Department (IMD) released its first forecast for the upcoming monsoon rains, saying it is likely to be below normal, at 93 per cent of the long period average (LPA). Only a week before that, on April 15, a private forecaster, Skymet, had predicted normal rains (102...

-Hindustan Times New Delhi: The BJP-led NDA government showed great speed in promulgating an ordinance to push through the land acquisition act, but an investigation by HT reveals that thousands of hectares of land acquired by the government is lying unused in several states. Madhya Pradesh, Maharashtra and Uttar Pradesh top the list of states where land acquired even decades ago has not been industrialised. In the past 50 years, for instance, the...