-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
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'Without khadi, I am not there' -Rahul M
-RuralIndiaOnline.org Despite the slow decline of the renowned handlooms of Dharmavaram in Andhra Pradesh, Shankara Dhanunjaya tried to work hard and prosper. But in 2016, at the age of 35, debts, crumbling dreams and crushing policy changes drove him to suicide All the handloom halls Into mortuary rooms Being metamorphosed That inexplicable sorrow! (From ‘Maggam bathuku’ an epic poem by Dr. U. Radheya, who is from a family of weavers; translated by Dr. P. Ramesh Narayana) In...
More »Only 0.5% jobs added in 8 key non-farm sectors from April to September last year -Subodh Varma
-The Times of India Just over one lakh jobs were added between April 1 and October 1 last year in eight key non-farm sectors of the economy ranging from manufacturing and construction to IT/BPO, education and health, according to a recent government report. Is this good or bad? Considering that these eight sectors together employ over two crore workers, the net addition of new jobs amounts to a mere half a per...
More »Farm loan waiver is no solution for Indian agriculture
-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...
More »How new law marks paradigm shift, gives mentally ill many clear rights -Abantika Ghosh
-The Indian Express The rights-based approach departs from the ‘assurance-based approach’ of the new National Health Policy, which essentially perpetuates the status quo, explains The Indian Express. Since the time the Mental Health Bill was introduced in Rajya Sabha in 2013, decriminalisation of suicide has been its calling card. However, the legislation travels beyond just that colonial era relic, assuming a rights-based approach to mental healthcare, and creating circumstances for removal of...
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