-The New Indian Express The Financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...

-The Indian Express The rural development ministry, that promises 100 days of guaranteed employment to those issued job cards, has sought to address both concerns in the current fiscal. The MGNREGA has been under scrutiny, of late, both from its traditional baiters as well supporters. The former’s attack has revolved around the programme — the flagship of the previous UPA dispensation — creating assets of poor quality, while the latter have been...

-The Indian Express We need a contingency plan that combines real-time technology with robust insurance and easy credit. On April 22, 2015 the Indian Met Department (IMD) released its first forecast for the upcoming monsoon rains, saying it is likely to be below normal, at 93 per cent of the long period average (LPA). Only a week before that, on April 15, a private forecaster, Skymet, had predicted normal rains (102...

-Livemint.com The past decade has been transformative for rural India but deep-rooted vulnerabilities still remain Two years ago, the rural consumer was the delight of consumer goods companies and financial firms as they sought to tap the growing demand in India’s countryside. After repeated spells of poor weather in the past two years, rural demand seems to have weakened sharply. Villagers appear to be trapped in a new cycle of distress, which...

-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...