-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India Working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost...
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Financial exclusion: 40.9 per cent of small, marginal farmers not covered by banks -George Mathew
-The Indian Express Despite so many initiatives and schemes aimed at financial inclusion, only 40.90 per cent of SMF could be covered by the scheduled commercial banks (SCBs), the report submitted by the RBI panel has said. The Reserve Bank of India’s Internal Working Group (IWG) to review agricultural credit — headed by Deputy Governor MK Jain — has raised several concerns on the farm front as lakhs of small and...
More »NCR gets functional plan for micro, household enterprises
-The Hindu National Capital Region Planning Board also released regional plans for 7 districts The National Capital Region Planning Board (NCRPB) on Friday released the functional plan for micro and household enterprises in the NCR that aims to boost micro, small and household enterprises, and approved regional plans for seven districts. Addressing the NCRPB Board meeting, Union Housing and Urban Affairs Minister of State (independent charge) Hardeep Singh Puri told NCR states to...
More »Centuries-old Andhra Pradesh cashew industry in dire straits
-The Hindu The factories in Vetapalem are in an immediate need of mechanisation ONGOLE: The cashew industry, which has flourished for hundreds of years in Vetapalem village near Chirala town in Prakasam district, is beginning to show the first warning signs of a slump. Cashew units are reportedly struggling to sustain operations in the wake of a shortage of raw material and a skilled Workforce, with fingers being pointed at the Mahatma Gandhi...
More »Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
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