-The Telegraph Familiar election-time promise of waivers had prompted many not to clear their dues in the hope that the relief would cover them Lucknow: Some 170 Bundelkhand farmers face the threat of auctioning of their properties and possible arrest over unpaid cooperative bank Loans, under a rare move by the Uttar Pradesh government that the farmers said would destroy families. Conversations with farmers and officials suggest the familiar election-time promise of waivers...
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Loan schemes don't reach 59% of rural India: Survey
-PTI * Survey also noted that the next generation in 48% farming families does not want to pursue agriculture * At least 43.6 per cent farmers said they did not get the correct price for their produce, said the survey conducted rural media platform Gaon Connection NEW DELHI: Loan schemes don't reach almost 60% people in rural India, says a new survey which also finds climate change to be the biggest challenge for...
More »NPAs Under Modi's Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra
-TheWire.in Public sector NPAs of Loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...
More »India's budget math faces a tough challenge now -Nikita Kwatra
-Livemint.com To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the fiscal deficit number that India’s new finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...
More »Pronab Sen, former chief statistician of India, interviewed by Kabir Agarwal and Anuj Srivas (TheWire.in)
-TheWire.in "I think the fact that the whole [NSSO] exercise began with a fundamental premise of keeping it comparable, that has been forgotten." The fierce debate over India’s unemployment figures came to a head last week, when a jobs data report by the National Sample Survey Office (NSSO) was finally made public. This report has been a source of contention ever since two members of the National Statistical Commission (NSC) resigned allegedly...
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