-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the Development of credit markets The Bharatiya Janata Party (BJP) won the 2017 state elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...

-Hindustan Times The Centre has renamed the Matritva Sahyog Yojana - a scheme under which pregnant and lactating mothers get Rs 6,000 for the first live birth - as Pradhan Mantri Matritva Vandana Yojana (PMMVY) in yet another instance of the Prime Minister’s name being prefixed to a government programme. Government sources said the name of the scheme, which was cleared by the Union cabinet last week, was changed to make it...

-The Times of India Right on the edge of the Ganga basin that spans 11 Indian states lies Naujhil block, a few kilometres west of the Yamuna in UP's Mathura district. You would think this is a blessed location with plentiful water all round. With its 17 tributaries, including the Yamuna, Ganga's catchment area has about 525 billion cubic metres (bcm) of surface water and about 171 bcm of groundwater. On average,...

-PTI Allahabad: Guests in Kanjasa may not have a cakewalk in selecting which birthday party to attend on January 1. One in five persons will be blowing out candles the same day, thanks to a technical goof-up that has caused their new Aadhaar cards to mention January 1 as their official date of birth. Flooded with complaints from residents of the village near Allahabad that their cards do not mention the actual dates...

-Livemint.com Experts say a government-sponsored pledge loan scheme could still help Maharashtra tide over the tur crisis and provide relief to farmers Could Maharashtra government and the Centre have mitigated Maharashtra’s tur (pigeon pea) crisis by facilitating and encouraging pledge loans? Yes, say farm sector experts, bankers, warehouse industry officials and former government officials. Pledge loans are loans secured by farmers from banks against their farm produce deposited at a warehouse. Timely government intervention...