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Farmers caught in a vicious debt cycle -Sahil Makkar & Sanjeeb Mukherjee

-Business Standard Marriages on hold, children being returned from schools over unpaid fees; the rural economy is bearing the brunt of unseasonal rains, a crisis in the sugar cane sector and a fall in prices of farm pro Hapur/ Meerut: In the mid-afternoon, when most farmers are returning home to rest, Rana Ranjit Singh is sweating buckets on his farm in Uttar Pradesh's Hapur district, searching for vegetables left undamaged after untimely...

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NDA’s challenge: agrarian crisis -Anil Padmanabhan

-Livemint.com Govt will be judged on how it deals with the crisis; recognizing the problem is the first step, but a lot depends on how it executes the rescue The bout of unseasonal rainfall in north India over the last few weeks has triggered fears that standing Rabi crop may have suffered extensive damage. It may or may not be true. Regardless, it has once again put the spotlight on the agriculture...

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How the Budget short-changed states' social security schemes -Nitin Sethi & Ishan Bakshi

-Business Standard States will now have to spend from their pockets to keep their social-sector schemes going The 2015-16 Budget seems to have broken the contract between the Centre and the states on sharing the economic burden for delivering social security. The Centre's assistance to the states for social sector schemes has come down from a budgeted Rs 3.56 lakh crore in FY15 to Rs 2.20 lakh crore in FY16. Effectively, while the...

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Changes in NDA's land Bill only cosmetic -Nitin Sethi & Ishan Bakshi

-Business Standard Amendments skip key controversial issues The National Democratic Alliance (NDA) has made nine amendments to its land Bill, tabled in Parliament on Monday. Most of these were cosmetic in nature, leaving the key elements of the original promulgation intact - the lack of need for consent and social impact assessment while acquiring land for private projects; public-private partnerships and government acquisitions. Rural Development Minister Chaudhary Birender Singh did move two amendments...

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Nehruvian budget in the corporate age -Jean Drèze

-The Hindu The Budget overlooks the fact that human capabilities are as important as physical capital for economic growth and the quality of life. It goes back to the days when growth and development sounded synonymous, physical capital was thought to be the key, and human capital took a back seat Once upon a time, around the end of the Second World War, there was a naive view in development economics that...

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