-The New Indian Express For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. MUMBAI: For the first time in four decades, bank deposits plunged to 25 per cent of overall household financial assets in FY18 as against 67 per cent a year before. The startling downfall of bank deposits is a first, at...
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Madhav Gadgil, noted ecologist, interviewed by Nidheesh MK (Livemint.com)
-Livemint.com Ecologist Madhav Gadgil, whose report on Western Ghats was rejected by the Kerala government, on what caused the Kerala floods and how the rebuilding process should be carried out Ernakulam (Kerala): Submitted seven years ago on 31 August 2011, ecologist Madhav Gadgil’s report on the biodiverse Western Ghats—a portion of which falls in Kerala—had warned that the combination of massive ecological destruction and extreme weather events trigger disaster. His words proved...
More »Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
More »Kerala crisis arose due to destruction of ecologically-sensitive zones in Western Ghats -Viju B
-The Economic Times A geographical analysis of areas that suffered maximum damage this monsoon show that they were all classified as ecologically-sensitive zones (ESZs) under the Western Ghats Expert Ecology Panel report (WGEEP). The report was binned by both UDF and LDF governments, with both Idukki and Thamarassery bishops throwing their weight behind the political parties. The UDF government even passed a resolution in the assembly rejecting the report saying that it...
More »PMFBY -- Insurance Companies Make Super Profits, Farmers Suffer -Subodh Varma
-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
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