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GDP: The slide stops with 6.3% growth but old problems remain -Sanjiv Shankaran

-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the economy is still struggling. A comparison of the...

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Loan waiver is not the solution -Anjani Kumar and Seema Bathla

-The Hindu We need to revisit the credit policy with a focus on the outreach of banks and financial inclusion Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the...

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The end of secession: Why the elite withdrawal from public services is coming to an end -Rohini Nilekani

-The Times of India blog With the approaching winter the air quality in many Indian cities, especially in Delhi, becomes a public health hazard. Something so fundamental as breathing easy can no longer be taken for granted. It’s a wake-up call worthy of a civic revolution. For decades now those who could afford it (very much including this writer), have seceded from public services. The Indian elite send their children to expensive...

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Gujarat is offering 0%-interest loans to farmers but its record on long-term support is patchy -Nitin Sethi

-Scroll.in The state’s expenditure on agriculture and irrigation has fallen since 2013-’14. In the run-up to the Gujarat assembly elections, Chief Minister Vijay Rupani on October 16 announced that his government would offer interest free-loans to farmers who borrow up to Rs 3 lakh and pay the amount back on time. Many Opposition politics criticised this as a populist measure, aimed at garnering votes for Rupani’s Bharatiya Janata Party. Reducing the interest...

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Shyam Khadka, India's representative at the FAO of the United Nations, interviewed by Sayantan Bera (Livemint.com)

-Livemint.com In India, 9 million people left farming between 2001 and 2011 largely due to distress, not because industry invited them, says Shyam Khadka, India’s representative at the FAO Shyam Khadka, India’s representative at the Food and Agriculture Organization (FAO) of the United Nations, says more Indians are moving out of agriculture due to distress and not because the manufacturing sector is inviting them. In an interview, Khadka calls for converting food...

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