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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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Helpline on disaster reaps farm distress -Imran Ahmed Siddiqui

-The Telegraph New Delhi: A home ministry helpline offering information on quake-hit Nepal has been swamped by Indian farmers airing their distress, embarrassing a government already under the Opposition's cosh for its "anti-farmer" policies. Compounding the discomfiture, most of the callers are demanding the Rs 15 lakh that Narendra Modi had, during last year's election campaign, promised to deposit in every bank account after retrieving black money from abroad, ministry officials said. "We...

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The inclusion project -Shamika Ravi

-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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More Credit for Agricultural Households?: NSSO’s 70th Round on Indebtedness -Sher Singh Sangwan

-Economic and Political Weekly An increase in indebtedness in agriculture between 2003 and 2013 does not necessarily mean a growth in debt that has debilitated the cultivator. Higher indebtedness may also reflect a more enabling process--the increased availability of institutional credit. An analysis of NSSO data. Sher Singh Sangwan (drsangwan8@gmail.com) is at the Centre for Research in Rural and Industrial Development, Chandigarh. The National Sample Survey Office (NSSO) report, Situation Assessment of Agricultural...

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UPA Act helps owners reclaim land -Abhinav Garg & Dipak Kumar Dash

-The Times of India NEW DELHI: As the NDA government's land bill remains stuck in a logjam with the opposition stonewalling it in Rajya Sabha, it's the UPA's 2013 law that has for now benefitted a section of landowners in Delhi. In a series of judgments pronounced in recent months (as late as March), the Delhi high court has scrapped acquisition of several acres of land in Delhi by government agencies, some...

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