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Mudra loans a big scandal in banking system

-Deccan Chronicle The managers used a part of the 60 per cent amount to repay the Mudra loan for a year and pocketed the rest. New Delhi: The Modi government may have to get battle ready soon for cleaning up the Mudra loan mess that has added to the concerns of the banking system. The plan to create “job creators and not job seekers” by disbursing massive credit to micro and small...

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Kerala floods: Man-made or nature's fury? -TV Jayan

-The Hindu Business Line The rejection of the the Gadgil panel report, by all the six States along the Western Ghats, has proved to be a costly error The floods of catastrophic dimensions that ravaged Kerala recently have brought into sharp focus the all-round ecological destruction caused by human interference in the State’s hilly terrains. The fact that there were 12 major landslides and hundreds of minor ones within a fortnight in the...

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Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans

A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...

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Attempts Being Made to Dilute Anti-Corruption Laws, AP Shah Writes to Modi -Gaurav Vivek Bhatnagar

-TheWire.in The letter by the former Delhi chief justice highlights the dangers of decriminalising the Companies Act, introducing electoral bonds, weakening the RTI Act and not implementing of the Lokpal Act and Whistleblowers Protection Act. New Delhi: In a letter sent to Prime Minister Narendra Modi, former chief justice of Delhi high court and noted rights activist A.P. Shah has lamented that “instead of increasing transparency and accountability and making the deterrents...

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The path to reforms: Ensure enforcement, bring clarity - Devesh Kapur, E Sridharan and Milan Vaishnav

-Hindustan Times Election Commission of India (ECI) is outgunned when it comes to confronting those who circumvent existing campaign finance rules and lacks power to sanction candidates. It is a truism to note that political finance sits at the heart of corruption in modern India. While politicians publicly lament the status quo, they privately profit from the current system. Therefore, the fact that the Narendra Modi government has made reforming political finance...

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