-TheWire.in Eighty per cent or more of the demand in the economy has vanished thanks to the lockdown he hastily announced, with no warning or preparation. The only way out is to pump money in to revive demand. In a discussion on NDTV about the contents of the third tranche of Prime Minister Narendra Modi’s stimulus package for the economy, Yogendra Yadav, one of India’s most respected psephologists, called it ‘entertainment’. Yadav...
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Demand first, please, and then Loans -Devadeep Purohit
-The Telegraph 'Wish there were announcements on government spending' Kolkata: Like many Indians, a young businessman keenly awaiting the fine print of Prime Minister Narendra Modi’s Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) placed himself before a television screen around 4pm on Wednesday. The businessman did not have to brush up his language skills to understand finance minister Nirmala Sitharaman but he came away with a sense of déjà vu. “I heard that I will...
More »Government outlays plan for credit boost to agriculture sector -Shayan Ghosh
-Livemint.com As announced by finance minister Nirmala Sitharaman, 25 million farmers who do not have a Kisan Credit Card will now be able to avail concessional credit The government on Thursday decided to boost the flow of credit to the agriculture by attempting to bring more farmers under the Kisan Credit Card (KCC) scheme and through an additional outlay for farm Loan refinance. As announced by finance minister Nirmala Sitharaman, 25 million farmers...
More »Lockdown led to massive job losses, show early results of an ongoing telephonic survey
Preliminary results of an ongoing study by the Centre for Sustainable Employment of Azim Premji University (APU) indicate that the lockdown has had a devastating impact on the livelihood security of the working people. The survey is currently being conducted across the country by the Centre for Sustainable Employment along with civil society organisations. Impact on livelihoods Analysis of preliminary data collected through telephonic interviews between 13th April, 2020 and 9th May, 2020...
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