-The Hindu Business Line After failed efforts to placate angry farmers, the Centre and various States have launched income-support schemes. BusinessLine reports Let’s rewind to mid-2017, when onion farmers in Ahmednagar, Maharashtra, took to the streets. The protests spread like wildfire to Madhya Pradesh. In northern Karnataka, pulses growers were up in arms against crashing prices. Minimum support prices were not holding up. Flustered governments began to trot out loan waivers as...
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Looming water scarcity
-The Hindu Business Line Drought conditions in peninsular India highlight familiar policy failures Recent BusinessLine reports have highlighted the harrowing conditions of water scarcity in peninsular India, with the monsoon still about three months away. Scientists and specialists have observed that 40 per cent of the country’s area is reeling under drought, of which 16-17 per cent is severe. Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh and Telangana and GujaRAT are in a...
More »The self-employment conundrum -Arindam Gupta
-The Telegraph Funding small entrepreneurs will require more bank loans, preferably collateral-free, which will geneRATe more NPAs The government has been compelling banks to adopt a softer lending policy to promote self-employment. The Pradhan Mantri Mudra Yojana, launched in 2015, provides collateral-free loans to small entrepreneurs outside the farming sector in three categories: Rs 50,000 loan in the ‘Shishu’, Rs 5,00,000 in the ‘Kishore’ and Rs 10,00,000 in the ‘Tarun’ segments respectively....
More »Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile
-Business Standard Falling incomes and longer winter to translate into lower demand for at least some months The new financial year is not much cheer to companies which geneRATe a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling rural wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of...
More »No surge in number of I-T stop-filers after demonetisation: CBDT
-The Times of India NEW DELHI: The Central Board of Direct Taxes (CBDT) said on Thursday that the tax base and revenues had increased significantly post demonetisation and there was no surge in the people who stopped filing returns. “CBDT clarified that contrary to the report, it is a fact that demonetization had a phenomenal positive impact on the widening of tax base and direct tax collections,” the tax department said while...
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