-PTI NEW DELHI: The sudden move to demonetise a bulk of Indian currency in circulation and the deteriorating agrarian distress in the country have exposed the consequences of financial exclusion, said a report released Tuesday. The India Exclusion Report 2017-18, brought out by Centre for Equity Studies (CES), said people's ability to spend, receive wages and survive depended crucially on whether they were part of the Banking system or not after 84...
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Farm-loan waivers turn nightmare for Banks -G Naga Sridhar
-The Hindu Business Line Farmers in election-bound States have stopped repaying in anticipation of write-offs Hyderabad: The increasing demand for farm-loan waivers and slippages in existing loan repayments by farmers in anticipation of write-offs are giving Banks a nightmare. Apart from drawing the attention of policy makers and political pundits, last week’s mega farmers’ rally in the national capital has also created tremors among Bankers. “The expectation of agricultural loan waivers next year when...
More »Are Loan Waivers a Panacea for Rural Distress? -Nilanjan Banik
-Economic and Political Weekly Small and marginal farmers are not the real beneficiaries of loan waivers. In the year following loan waivers, small farmers lose out on three counts: lower access to formal loans, falling agricultural revenue because of higher informal loan costs, and falling agricultural productivity. Instead, supply-side interventions could make a real difference in farmers’ lives as a long-term alternative to loan waivers. Please click here to access the full...
More »Information Panel Strength Hits All-Time Low in Modi Era -Gaurav Vivek Bhatnagar
-TheWire.in No new appointments have been made to the Central Information Commission since 2016. New Delhi: From Monday, the Central Information Commission (CIC) will function with only three commissioners – as opposed to a sanctioned strength of 11, including the chief. The present crisis has arisen because the Narendra Modi government has since 2016 failed to fill any vacancies in the body – probably because the commission has been at the forefront...
More »The Plight of Paddy Farmers in Chhattisgarh -Saurabh Sharma
-Newsclick.in These paddy farmers are getting Rs 1,750 per quintal for selling their rice to the government with a bonus of Rs 300, which makes Rs 2,050 the MSP. Political parties like Congress and Janata Congress Chhattisgarh are highly Banking upon the rice farmers of the state to come to the power by forming the government through their promise of giving Rs 2,500 as minimum support price (MSP) on paddy. The paddy farmers...
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