-The Financial Express Finance minister Arun Jaitley may announce agricultural credit target of Rs 12 lakh crore for 2018-19, up 20% from the level for the current year, as he lends focus to addressing rural distress in the coming Budget. While the farm credit targets have been overachieved in recent years, the disbursal by October end this fiscal was 67% of the annual plan. The government is confident of exceeding the...
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A misleading story of job creation -Praveen Chakravarty & Jairam Ramesh
-The Hindu India does not create 55 lakh new jobs every year, as claimed by a new report A recent research report titled “Towards a Payroll Reporting in India” authored by the Group Chief Economic Adviser of the State Bank of India and a professor from the Indian Institute of Management, Bangalore has caught the media’s and the Prime Minister’s fancy. Ostensibly, the main objective of the report was to make a...
More »Bhavantar Bhugtan Yojana: A scheme with a difference -Milind Ghatwai
-The Indian Express The MP government’s scheme paying farmers the difference between MSP and marketing prices has had a mixed impact on the ground. Dewas (Madhya Pradesh): “Baniya deta mandi mein, jo bachta hai woh sarkar deti hai” (what the trader gives in the market, the government gives the balance). That’s Bhavantar Bhugtan Yojana (BBY) for Arjun Singh Sendhav. The 29-year-old five-bigha (2.9 acres) farmer from Chaubara Jagir village is a beneficiary of...
More »Following the grain trail: on India's public distribution system -Jean Dreze
-The Hindu Many States have initiated ‘reforms’ of the public distribution system that are hurting millions of people India’s public distribution system (PDS) is in danger of being derailed in several States across the country. Recent disruptions of the PDS have taken different forms, from compulsory biometric authentication to so-called direct benefit transfer (DBT). The consequences are alarming, but tend to go unreported. Biometric mix-ups Jharkhand is a prime example of this problem. By...
More »Upper caste farmers stand to gain more from loan waivers -Roshan Kishore
-Hindustan Times Access to formal credit can be a major game-changer in determining farm-incomes. It is to be expected that richer farmers would find it easier to avail of formal credit lines. What ails Indian farmers? The answer to this question is often mired in ideological quarrels. Some blame a lack of reforms in agricultural markets, while others accuse the state of not doing enough to support farming. Systemic issues are...
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