-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further Stress for banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...
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Swachh Bharat? Still not quite, shows a World Bank study -Nikita Kwatra
-Livemint.com Despite the rush in the construction of toilets since the launch of Swachh Bharat Abhiyan’s launch on 2 October, India has the highest rate of open defecation in the world The Swachh Bharat Mission hopes to make India open-defecation free by October 2019. But, despite the rush in the construction of toilets since the scheme’s launch, India has the highest rate of open defecation in the world. According to a new...
More »Water woes -Michael Kugelman
-The Hindu They will soon become more than just a political liability The BJP’s poor performance in the recent Assembly elections underscores the extent of India’s agrarian diStress and the political cost of failing to address it. The root cause of the Indian farmer’s woes is water shortage. Yet, barring policy interventions, this problem will only worsen — to the point that it will become far more serious than a mere political...
More »The political economy of the persistent agrarian crisis -Himanshu
-Livemint.com Loan waivers and the promise to raise MSP cannot solve the problem The victory of Congress party in the recent assembly elections of Chhattisgarh, Madhya Pradesh and Rajasthan has brought the agrarian crisis in rural areas to the centre of political debate. While there are several factors in election victories, the severity of the agrarian unrest was surely a major factor. While there is consensus that the incumbent Bharatiya Janata Party...
More »Indian farmers need a new deal and not just loan waivers -Yogendra Yadav
-ThePrint.in Farmers’ issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something. When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to...
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