-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
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Failing the farmer -CP Chandrasekhar
-Frontline Outcomes of the patterns of growth induced by neoliberal economic reforms have increased the disproportionality between agricultural and non-agricultural growth, and with costs rising and prices not keeping pace, agriculture is becoming increasingly unviable. FARMERS across northern and central India-in Maharashtra, Madhya Pradesh, Rajasthan, Haryana and elsewhere-are distressed. Unseasonal rains have damaged their standing crop and help from the government has been meagre and slow in coming. This, however, is...
More »Cultivating the Farmer -Ravi Shankar
-The New Indian Express For now the storm is over. Untimely monsoons, which create much havoc for farmers, became a parliamentary allegory with the Congress raining on Modi's parade over the Land Bill. In spite of all the manoeuvring that will follow, clouds threaten to hang low over the next session too. This is indicated in Sonia Gandhi's decision to take to the streets in protest - a leaf taken from...
More »Caste determines spending on food, choice of work: NSSO -Rukmini S
-The Hindu How much and what people eat and what work they do differs significantly by caste, new data from the National Sample Survey Office show. However, these differences are likely to be correlated, rather than caused by caste. The NSSO released two new reports this week: one on household consumption expenditure by a social group and the other on employment and unemployment by a social group. The data show that...
More »Jobless figure haunts govt -Subrat Das
-The Telegraph Bhubaneswar: Growing unemployment has come to haunt the Naveen Patnaik government with the number of jobless persons in the state crossing the 10lakh figure. Official statistics show that more than 10.86 lakh jobless persons had registered with the 80 state-run employment exchanges in 2013. Of these, 8,034 were technical graduates, including 6,093 engineering graduates and 303 technical postgraduates. The figure reveals the plight of the state's educated youth as 1.7 crore...
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