-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...

Promises are made to be broken. In its 2014 Lok Sabha election manifesto, the Bharatiya Janata Party (BJP) made the promise that if it is elected to the Centre, it will then accord a high priority to job creation and opportunities for entrepreneurship, among other things. But latest data on unemployment shared by the BJP MP Shri Bandaru Dattatreya in written form while replying to an unstarred question in the...

-The Hindu Business Line Bengaluru: “There is no wateror fodder this year, and it has become tough to manage my three cows,” says Nagamma, a dairy farmer at Maradevanahalli village in Maddur taluk. The cows and her one-acre farm are her only sources of livelihood. “The milk yields have reduced: these days I get only about 5-6 litres, against 10-12 litres earlier,” she adds. The Maradevanahalli village panchayat provides about 200 litres...

-Hindustan Times Bhopal: Madhya Pradesh’s first “cashless” village is actually “waterless”, prompting villagers to adopt a novel initiative of sourcing water through rooftop water pipes from tubewells located in their agricultural fields 1,000 to 2,000 feet away. Thick black water pipes running over the rooftops and treetops in the village, coming from the agriculture fields might be mistaken as electric wires at first sight. “We don’t care about cashless status as our...

-Delhi Solidarity Group Following the ritual, Government of India presented its budget with much fanfare, claiming it to be pro-poor, but the larger question that looms is whether it will really change the lives of the marginalized sections of the society. For a country like India which is ‘democratic, socialist, sovereign, republic’ working towards the ‘welfare’ of its citizens, one, either out of innocence or honest belief, tend to assume that...