-The Indian Express New crop insurance scheme is welcome. Its litmus test: Whether crop-damage assessment can be done within two weeks of the extreme weather event and compensation paid a week after that The Narendra Modi-led government needs to be complimented for taking the first major step to revamp the crop insurance system to address the increasing distress in Indian farming. With back-to-back droughts, and unseasonal rain and hail in certain...
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Raghuram Rajan: No one wants to go after rich and well-connected wrongdoer
-The Indian Express Rajan also raised the issue whether the RBI is taking a lenient view against malpractices in the banking sector and said there’s “a sense that we do not enforce compliance”. Is India a weak state which punishes only the small and weak? RBI Governor Raghuram Rajan who made some plain speaking to his colleagues in the central bank has said “the rich and well-connected wrong-doer” is virtually going scot-free. In...
More »Start Up India: Why we need strong and accountable public institutions first -Rajesh Tandon
-DNA Before looking for 'out of the box' solutions, India urgently requires in-box actions. In the past year, India has been buzzing with the possibilities of start-ups. Many ‘angel investors’ from around the world have been pumping funds into hundreds of start-ups in the country. In the same spirit, Prime Minister Modi is chairing a major summit on start-ups tomorrow, January 16. The reality on the ground, however, indicates that all is not...
More »Tech tonic for the heart of India -Shubhranshu Choudhary
-The Hindu Gondi is the lingua franca of the Maoist movement today, but All India Radio does not broadcast even a single new bulletin in the language. One winter morning, in Barwani district of Madhya Pradesh, I was watching a group of Adivasi kids peering into their mobile phones. The early morning sun was mellow, and they were so engrossed that they did not notice me drawing near. “We are doing Bultoo...
More »Wholesale food inflation at 17-month high
-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...
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