-The Indian Express A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness...
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In Haryana, wheat farmers done in by unseasonal rain -Vidya Venkat
-The Hindu "At least 50 deaths of farmers either by suicide or cardiac arrest have been reported and government has done nothing about it." Brown, damaged wheat fields is all one gets to see in Sonepat district of Haryana. In at least six villages The Hindu surveyed, deaths of farmers, either by suicide or cardiac arrest, have occurred following the shock of crop loss due to unseasonal rain. Yet, last week in...
More »Why RBI had to protect small farmers -Ravi Krishnan
-Livemint.com The RBI norms towards targeted marginal lending for the small farmer is a structural solution to aid them—unlike bailout packages, which provide only short-term relief In its latest overhaul of priority sector lending rules, the central bank has stipulated that lenders should funnel at least 8% of their credit to small and marginal farmers. While the overall agriculture loan growth has galloped over the past decade, the chart shows why...
More »After Nepal quake, India may be next: Experts -Trina Joshi
-IANS In the wake of the strong 7.9 magnitude earthquake that killed over a 1,500 people in Nepal and left a swathe of devastation in the northern Himalayas on Saturday, experts said a temblor of equal intensity is "overdue in northern India." "An earthquake of the same magnitude is overdue. That may happen either today or 50 years from now... in the region of the Kashmir, Himachal, Punjab and Uttrakhand Himalyas. Seismic...
More »NSSO data confirms socio-economic disparity
Social justice is one of the basic pillars of democracy. But when it comes to livelihood security and socio-economic status of various communities in rural areas, persons belonging to Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) lag far behind the upper caste population. This has been revealed in a recent National Sample Survey Organization (NSSO) report entitled: Employment and Unemployment Situation among Social Groups in India...
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