-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
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Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
More »David Barkin, Professor of Economics at the Metropolitan Autonomous University in Mexico City, interviewed by Kabir Agarwal (TheWire.in)
-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...
More »Dalit women are brewing their own social revolution -Ashwaq Masoodi
-Livemint.com After being on the sidelines of Dalit and feminist movements for long, Dalit women are now standing up for their rights New Delhi: In 2008, seven women, aged 19-24, walked into a police station in Haryana’s Indri village in Kurukshetra district. Dressed in salwar-kameez with dupattas draped around their necks, they looked tired but confident, angry and brimming with questions. They wanted to meet the SHO and ask why no FIR...
More »Government's inaction leading to continuation of starvation deaths in Jharkhand
-Press release by the Right to Food Campaign, dated 21st June, 2018 Over the past ten months, at least 12 persons have succumbed to hunger in Jharkhand. Instead of taking action against functionaries whose lapses have led to these deaths and measures to improve the situation of food security in the state, Jharkhand government has denied hunger as the cause of any of these deaths and absolved itself of any blame....
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