-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at Financial inclusion. According to the Union finance ministry, India has attained 99 per cent Financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...

-Economic and Political Weekly An increase in indebtedness in agriculture between 2003 and 2013 does not necessarily mean a growth in debt that has debilitated the cultivator. Higher indebtedness may also reflect a more enabling process--the increased availability of institutional credit. An analysis of NSSO data. Sher Singh Sangwan (drsangwan8@gmail.com) is at the Centre for Research in Rural and Industrial Development, Chandigarh. The National Sample Survey Office (NSSO) report, Situation Assessment of Agricultural...

-Business Standard There was a significant rise in number of bank accounts held by Indians last year but a large chunk of these saw no transaction, shows a World Bank report Amid data suggesting nearly every Indian household now has access to a bank account, thanks to a renewed push to Financial inclusion under the government’s Pradhan Mantri Jan Dhan Yojana, a set of numbers from the World Bank Global Findex for...

-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...

-The Indian Express The budget aims at economic growth and social protection. This is welcome. So are provisions for Financial inclusion, housing, water, sanitation and rural electrification. But there are also substantial cuts in crucial social sectors and key omissions that are likely to undermine its stated economic objectives. Consider agriculture, environment and women. First, double-digit growth or poverty reduction is unlikely without strong, sustained agricultural growth. In 2014-15, agriculture grew at...