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Figures don’t lie: Housing loans for poor declining -Dipak K Dash

-The Times of India NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide housing loans to the poor and lower middle class. The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding housing loans up...

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Mr. Modi’s war on welfare -G Sampath

-The Hindu The Modi government is determined to dismantle the two-pronged welfare paradigm. It is now an established fact that one area where the Narendra Modi administration has acted with a sense of purpose, urgency and resolve is in slashing social expenditure. Be it education, health, agriculture, livelihood security, food security, panchayati raj institutions, drinking water or the Scheduled Castes/Scheduled Tribes sub-plan, central government funds earmarked for social protection have been cut. The...

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Nabard Can Help Weather Rural Financial Distress -Charan Singh

-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...

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Rural stress affects farmers even in prosperous states -Mayank Mishra

-Business Standard Greater adoption of cash crops combined with a collapse in the prices of agri-commodities has led farmers to the brink in major agricultural areas According to the National Crime Record Bureau (NCRB) data, nearly 64 per cent of all farmer suicides in the country in 2013 took place in the four states of Maharashtra, Karnataka, Andhra Pradesh and Kerala, raising the question: why is rural stress resulting in farmer suicides...

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World Bank: NREGA, the only insurance for India

-The Hindu The World Bank said on Tuesday that the spike in ‘unmet demand’ for MGNREGA jobs is an indicator of increasing rural distress. Since the scheme is the only and therefore the best bet India has for mitigating the impact on the poor of the recent unseasonal rains, the government should take steps aimed at arresting delays in wage payments and the rising unmet demand for jobs. “If you are a...

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