-Down to Earth The next generation of the current poor Indians has high probability of remaining poor as well. Lack of access to resources like forests and social discrimination have set in the dreaded chronic poverty among India’s socially marginalised groups, ironically the target of poverty eradication programmes since last 70 years Prime Minister Narendra Modi’s call to eradicate poverty in India by 2022, or in the next five years, is...
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Aadhaar centres: Banks question UIDAI's authority to issue directions -Gopika Gopakumar
-Livemint.com Only RBI has the power to issue directives to banks, says Indian Banks’ Association Mumbai: The Indian Banks’ Association (IBA) has questioned the jurisdiction of the Unique Identification Authority of India (UIDAI) in issuing directions to banks under the Aadhaar Act, according to two people aware of the matter. IBA has written to the ministry of electronics and information technology, the Reserve Bank of India (RBI) and the finance ministry’s department of...
More »Crop diversification: When farmers' incentives clash with policymakers goals -Anju Agnihotri Chaba
-The Indian Express The Punjab government has sought to bring 5 lh area in the state under maize, as part of the original plan of reducing paddy area by 12 lh between 2012-13 and 2017-18. Jalandhar: For policymakers wanting to wean away Punjab farmers from water-guzzling paddy, 1.35 lakh hectares (lh) area sown under maize this kharif season may not seem bad, even if it is way below the 29.11 lh...
More »Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan
-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
More »Progress, one girl at a time -Shiv Sahay Singh & Indrani Dutta
-The Hindu Why did the West Bengal girls’ welfare scheme win the UN Public Service Award this year? In 2014, Rehana (name changed), a 15-year old from a school in West Bengal’s Sunderbans region, was rescued from a red light area in Delhi. The Class IX student had been ensnared by traffickers who then sold her off in Kolkata. After being brought back, the local administration and a non-governmental organisation (NGO) re-enrolled...
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