-The Hindu Business Line The decline in share of cooperatives in total farm credit is a cause for concern and needs to be corrected, says Ramesh Chand, Member, NITI Aayog . An agriculture expert and a full-time member of the Aayog, Chand believes that financial inclusion in the sector has three dimensions – geographical distribution of farm credit, more long-term credit, and larger role of cooperatives. In an interaction with BusinessLine, Chand...
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Why higher govt spending is crucial to contain rural distress
-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...
More »Slums and the story of India's housing crisis -Avikal Somvanshi
-Down to Earth The rate at which informal housing is being destroyed probably far exceeds the rate at which formal housing is being constructed Troubled by the degradation of environment on and around railway tracks, the National Green Tribunal (NGT) recently directed Delhi government to relocate all illegal settlements along tracks in Delhi. The tribunal reasoned that the residents of these settlements practise open defecation and litter on the tracks. Housing of the...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
More »Scent of success eludes basmati farmers in Punjab -Vikas Vasudeva
-The Hindu Traders say that basmati prices were expected to remain low this year as there had been an oversupply of the commodity in the international markets. Farmers of the aromatic, long-grain basmati rice in the grain bowl States of Punjab and Haryana are heading for yet another period of distress as the premium variety is fetching a price that is even below that of regular paddy. Sitting visibly distressed with his trolley...
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