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Does the Banking System Really Want to Help Farmers? -Devinder Sharma

-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...

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Feeding insecurities -Reetika Khera

-The Hindu Business Line Aadhaar does more damage than good in welfare programmes It is widely believed that Aadhaar-Based Biometric Authentication (ABBA) is necessary to improve the delivery of welfare programmes such as the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), Public Distribution System (PDS), social security pensions, and so on. This is a misconception. We have been studying these programmes for a decade, focusing mainly on the source of leakages and...

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Loan waiver leaves Indian farmers trapped in deadly debt spiral -Bibhudatta Pradhan & Pratik Parija

-Livemint.com Narendra Modi’s election promise in Uttar Pradesh comes back to haunt as other states demand the Union govt offer an agriculture bailout package across the country New Delhi: An election promise to farmers in the politically sensitive state of Uttar Pradesh is coming back to haunt Prime Minister Narendra Modi, as other states demand the Union government offer an agriculture bailout package across the country. During the hard-fought election campaign, Modi pledged...

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Droughts, floods, and suicides: What Bihar can teach Maharashtra and other states -Sanjiv Phansalkar

-VillageSquare.in A deeper dive is needed to draw insights from the low prevalence of farmer suicides in Bihar than in more developed regions of India such as Maharashtra, Tamil Nadu, and Andhra Pradesh Suicide is among the most important antecedents of death in India, perhaps equaling, if not exceeding, road accidents. The better-developed and governed states of Kerala, Tamil Nadu, Puducherry and Andhra Pradesh show a higher incidence of suicides (number of...

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Core sector growth slips to over 1-yr low of 1% in Feb

-PTI Crude oil and natural gas contract; the previous low of 0.9% was recorded in December 2015 New Delhi: The growth of eight core sectors slipped to over one-year low of 1% in February mainly due to decline in output of crude oil, natural gas, refinery products, fertilisers and cement. The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 9.4% in...

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