-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...
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In true colours -Sudhir Kumar Panwar
-Frontline The BJP-led NDA government has, in the two Budgets it has presented so far, revealed itself to be very different from the pro-farmer image that its leading election campaigner and now Prime Minister, Narendra Modi, projected. THE Bharatiya Janata Party's manifesto for the 2014 Lok Sabha election states: "Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agriculture growth, increases in...
More »India’s unfinished agricultural and rural revolution -Uma Lele
-The Financial Express The BJP's resounding Lok Sabha victory after years of policy paralysis raised a widely-shared hope that the government, led by PM Narendra Modi, will put India back on track by resuming inclusive growth. And that agriculture and rural development would be at the centre of the agenda. Half the employment still comes from agriculture, though it contributes just 14% to the GDP. India contains the largest number of...
More »Budget 2015-16 takes a leap towards market fundamentalism: CBGA
-Centre for Budget and Governance Accountability (CBGA) Press Release New Delhi: The direction indicated by the Finance Minister's Budget Speech in general and that of the taxation policies in particular indicate a quantum leap being taken towards market fundamentalism. In the absence of any increase in the overall spending capacity of the government (Centre and States combined), the steps for fiscal decentralization (from Centre to States) have been constrained, implying only...
More »Through the smog, darkly -Awadhendra Sharan
-The Hindu With the world's most toxic air, Delhi struggles to breathe. Although its challenges are many, going forward, the city must learn a few basic lessons from the past The summer of 1857 is well-etched in the Indian psyche as the summer of revolt, of a mutiny against the British. Earlier that year, however, there was a smaller initiative that bears recollection - for it speaks of an unfinished agenda of...
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