-The Telegraph More than half of the country's small and marginal farmers continue to be left out of the ambit of formal finance A recent report by the Reserve Bank of India found that despite a plethora of schemes aimed at financial inclusion, only 40.9 per cent of small and marginal farmers have so far been covered by the banking system. Small and marginal farmers are defined as those with operational land...
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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
More »Salt-roti meal expose: MDM audit to be held after 2 years -Vinod Khanal
-The Times of India LUCKNOW: With the salt-and-roti expose in Mirzapur embroiling the mid-day meal scheme in controversy, the government will conduct a quality audit of food served to children. This will be conducted by external agencies, including Govind Ballabh Pant Social Science Institute, Lucknow University and Indian Institute of Management-Lucknow. A similar audit in 2016 by Giri Institute of Development Studies (GIDS), Lucknow, focused only on two districts. This time, the...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »Desertification setting in across a quarter of India
-Down to Earth Another 30% of the county’s land is undergoing degradation. What does this mean for the country where more than 60% peopel depends on agriculture? Every year during the monsoon, Hemant Waman Chowre faces a peculiar situation. On the one hand, he hopes for good rainfall to water his crops but on the other, he is scared, for even a mild shower can destroy his saplings. Chowre is a 35-year-old farmer...
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