-Frontline.in Interview with Aruna Roy. ARUNA ROY is a well-known social and political activist. A former Indian Administrative Service officer, she resigned from the IAS in 1975 and has since worked with the most oppressed in society. Aruna Roy’s observation on government service is indicative of her future concerns: “Everyone calls it an elite service; I always felt the discourse should be a bit better than what it was. I was shocked...
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P Sainath, acclaimed journalist and Founder-Editor of the People's Archive of Rural India, interviewed by Anuradha SenGupta (News18.com)
-News18.com Acclaimed journalist and Founder-Editor of the People’s Archive of Rural India, P Sainath attributes the existential crisis confronting India’s agrarian society to macro-economic policies set in motion 25 years ago. Talking to Anuradha SenGupta, Sainath makes a case for state intervention in agriculture and says the Modi government, with its shifting positions and policies like demonetisation has only aggravated the assault on agrarian livelihoods. Dismissing the buzz about imminent new initiatives...
More »Loan waivers derail Fasal Bima Yojana -Subhankar Mukherjee & Parthapratim Pal
-The Hindu Business Line Expectation of loan waiver causes farmers to stop payment against existing loans. They don’t buy insurance for the next season The Centre launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) in January 2016. While crop insurance programmes in Indiahave been in place for more than four decades, interest among farmers about insuring their crops has been low, which is reflected in the modest coverage level. According to latest data...
More »SC to RBI: Reply to plea over banks not passing on rate cuts -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court asked the Reserve Bank of India on Monday to break its 10-month silence and reveal its decision on complaints that banks do not reduce floating interest rates on existing loans for buying homes, vehicles or consumer durables proportionate to its repo rate cuts (rate at which RBI lends money to banks). Petitioner ‘MoneyLife Foundation’ told the court that it wrote to RBI last...
More »Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra
-TheWire.in Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right...
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