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Bihar lets down Modi govt, only 26% farmers have enrolled for income support scheme -Samyak Pandey

-ThePrint.in Bihar govt has blamed the Centre’s ‘complicated’ verification process for the low enrollment in the state, which has 16.19 million farmers. Patna: PM-KISAN, the Narendra Modi government’s flagship income support scheme for farmers, has fared poorly in Bihar in terms of their enrollment. Of the 40,95,000 beneficiaries, just 26 per cent farmers have registered under PM-KISAN, a Bihar agriculture ministry official told ThePrint. The state has 16.19 million farmers — the second...

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Nobel winner Abhijeet Banerjee's advice to govt: Make policies that work; govt teachers are overpaid

-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...

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Ashok Dalwai, CEO, Doubling Farmers' Income Committee, interviewed by Rajalakshmi Nirmal (The Hindu Business Line)

The Hindu Business Line In an article on Monday, this writer pointed out how it is a challenging task to double farmers’ income, given the fall in output prices and the higher cost of farm inputs. In an interview, Ashok Dalwai, CEO, Doubling Farmers’ Income Committee, talks about the various measures the Centre is taking to ensure it is on the right track and reaches its target by 2022. According to...

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Finance Ministry wants 2 'Pm kisan' instalments paid by month-end -Shishir Sinha

-The Hindu Business Line The Finance Ministry has asked the Agriculture Ministry to complete the payout of two instalments of Rs.4,000 to farmers under the Pm kisan scheme by September 30. This is to boost rural demand in the coming festival season. Pm kisan or Pradhan Mantri Kisan Samman Nidhi is an income support scheme. It provides Rs.6,000 in three equal instalments annually. Initially, the coverage was limited to small and marginal...

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Rate cut alone can't arrest slump, boost rural demand: SBI report

-PTI Economists at State Bank Research also warned that any attempt to trim government spending to maintain the fiscal numbers will be severely detrimental to growth. Lose-monetary policy alone cannot arrest the deepening slump, instead government must take demand-boosting measures, especially in rural areas, by frontloading expenditure primarily through the national rural employment scheme, says a report. Economists at State Bank Research Monday also warned that any attempt to trim government spending to...

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