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Farm loan waiver for COVID-19 victims in Karnataka

-The Hindu Chief Minister B.S. Yediyurappa will make the announcement soon, says Co-operation Minister S.T. Somashekar Bengaluru: Co-operation Minister S.T. Somashekar on July 14 said the government would soon announce a waiver of ₹79.47 crore in farm loans borrowed by 10,187 farmers in Karnataka who succumbed to COVID-19. Loans borrowed from apex, district credit cooperative banks and PRImary agricultural cooperative societies (PACS) would be waived. Chief Minister B.S. Yediyurappa would formally announce the...

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Growth matters but income levels matter more -M Suresh Babu

-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surPRIses, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...

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Modi government's decision to PRIvatise United India Insurance indicates terrible consequences for general insurance sector -V Sridhar

-Frontline.TheHindu.com THE Narendra Modi government’s penchant for indulging in ambushes as a means of unleashing policies is now all too obvious. Policies whether relating to vaccines or PRIvatisation of key economic entities have been marked by bizarre U-turns, abrupt changes or abandonment of previously announced approaches. The idea of policies seems to be to instil shock and awe, logic and rectitude be damned. A striking case in point is the government’s...

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‘One in three couldn’t afford food year-round in 2020’ -Richard Mahapatra

-Down to Earth Pandemic-induced poverty and rise in food PRIces keep healthy diet out of reach of three billion people Good food or just food? “Our choice is always the latter. We need to survive.” Sukru Ojha, the 56-year-old resident of Koraput, Odisha told Down To Earth in APRIl in reply to a query on whether the novel coronavirus disease (COVID-19) pandemic-induced income loss impacted his food intake. Koraput is one of...

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India’s ‘Panama Papers’ on shell firms, tax loopholes gather dust -Gopikrishnan

-DailyPioneer.com Tax firm’s leaked data includes correspondences with 33 Cos, HNWIs India’s own ‘Panama papers’ are gathering dust with law enforcement agencies and the Delhi High Court (HC). The 1.5 GB leaked data belongs to the tax consulting firm Nishith Desai Associates and includes controversial tax-related correspondences involving 33 of India’s biggest corporates and several high-net-worth individuals (HNWIs). A Delhi-based whistle-blower, who is a software engineer, first got the sensational data and communications...

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