-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
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How will farm loan waivers impact the Indian economy? -Tadit Kundu
-Livemint.com Farm loan waivers will strain the finances of states, and harm both farmers and banks over the long run In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation. How much of an impact will...
More »Ensure safety of customers' lockers: RBI to banks
-PTI New Delhi: The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed today. Besides, banks are being probed by the fair trade regulator CCI for alleged cartelisation in providing locker services to their customers. In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said there is no specific...
More »Centre accused of MGNREGA 'data fraud', late release of funds -Vishwadeepak
-NationalHeraldIndia.com Why is the Centre delaying in releasing wages under MGNREGA to non-BJP-ruled states compared to BJP-ruled states? What explains the delay of just six days in making payments under MGNREGA in BJP-ruled Madhya Pradesh but a delay of 89 days in Kerala? In both the cases authorities in the two states had processed the work payment order within the stipulated 15 days, which indicated that the states had done due diligence...
More »Delay in compensation wrongly calculated under NREGA: Researchers -Pratap Vikram Singh
-Governance Now Only 20 percent wage payments are time bound under NREGA, says a new study A new research on the implementation of national rural employment guarantee law (NREGA) disputes the way central government measures and offers the delay in compensation to workers. A group of three independent researchers claim that the figures in the NREGA management information system (MIS) have been manipulated to only partially calculate the duration of wage...
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