-Hindustan Times Mumbai: For a state considered the sugar bowl of the country and home to generations of politically heavyweight co-operative doyens, this is a sign of changing times. The drought-prone Solapur district in western Maharashtra, which has the highest number of sugar factories in the state (33), has finally decided to put a stop to cultivation of the water-guzzling sugarcane crop, with its collector saying the area under cultivation for the...
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Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »The Importance of Being 'Rurban': Tracking Changes in a Traditional Setting -Dipankar Gupta
-Economic and Political Weekly A categorical distinction is facing rough weather--that between urban and rural. If we take just agriculture, there is so much of the outside world that comes in not just as external markets but as external inputs. Further, many of our villages barely qualify as rural if we were to take occupation alone. So the earlier line that separated the farmer from the worker in towns is slowly...
More »Figures don’t lie: Housing loans for poor declining -Dipak K Dash
-The Times of India NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide housing loans to the poor and lower middle class. The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding housing loans up...
More »Production of pulses down 64%, cereals 30% in state -Priyanka Kakodkar
-The Times of India MUMBAI: The state's production of pulses during 2014-15 is set to fall by as much as 64% and cereals by 30% on account of the drought and unseasonal rains over the last year which wrecked the kharif crop. Yields for the rabi or winter crop have also plummeted, raising concerns about the impact on prices. Maharashtra produces about 10% of the country's foodgrains. However, sowing over the last...
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