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Targeted lending to farmers a must -Gopa Kumaran Nair and Nirupam Mehrotra

-The Financial Express In a column in The Financial Express, ("Time to tweak priority-sector lending", goo.gl/6O8AOL, February 6), the author made a case for "tweaking" priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population. Specifically, the article argued for revisiting the sectoral targets and cited a reduction in the share of agriculture sector in GDP as a valid reason...

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350 organizations to launch stir today to oppose land bill

-The Times of India AURANGABAD: Over 350 like-minded organizations are set to launch a nation-wide agitation from Monday to protest against the contentious Land Acquisition Bill. Social activist Medha Patkar made the announcement in the city while addressing a gathering of farmers. She said organizations of farmers, traders and fishermen would stage demonstration in different parts of the country and mount pressure on the Union government to stop it from going...

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Two-thirds of sewage from 118 towns flows into Ganga -Vishwa Mohan

-The Times of India NEW DELHI: More than two-thirds of the sewage generated in 118 towns, located in the Ganga river basin, get discharged into the country's national river untreated, making the task of its rejuvenation a long drawn process. Recent findings of a report, prepared by a team of experts from different government agencies, have noted that these towns collectively generate over 3,636 million litres per day (MLD) of sewage as...

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Unused priority sector lending funds to be diverted to MUDRA Bank -Surabhi

-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...

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Progress on the farm -Ajay Jakhar

-The Indian Express The Bharat Krishak Samaj (BSK) has long urged the merger of the agriculture ministry with the water resources and rural development ministries, in the interests of better coordination. With cooperative federalism gaining currency as an idea, that might just become possible. Now, the panchayati raj and food processing ministries could join the club, leaving agriculture, for all practical purposes, to the states, as envisaged by the Constitution. But...

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