-The Hindu Thanks to the caste system, India has always been an unequal society. What is even more worrying is that inequality appears to have deepened in the past two decades The Boston Consulting Group’s 15th annual report, “Winning the Growth Game: Global Wealth 2015”, has received extensive coverage in the Indian media. The report comes on top of the Global Wealth Databook 2014 from Credit Suisse, which provides a much more...
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Farming in India: The past keeps its grip
-Deccan Herald Many of India's agricultural practices have barely changed in decades. Reform is long overdue. Nearly a quarter of a century after India launched its first big liberalising reforms in 1991, setting off a new spurt of growth, one area of the country’s economy remains hardly touched: farming. Prime Minister Narendra Modi launched a 24-hour, state-run television channel for farmers in May, but has fostered no public debate about how to improve...
More »Ragi to get its due in Karnataka
-Business Standard State plans to supply it under Anna Bhagya scheme from July Mysuru: Karnataka will distribute ragi, a finger millet endemic to South India, under its ‘Anna Bhagya’ scheme from the next month. The distribution of ragi, considered one of the most nutritious of foods, is rich in calcium and protein with a good amount of iron and other minerals and also has a low fat content, and will be distributed under...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Farmers diversify crops to deal with scarce rains -Mayank Mishra
-Business Standard Labour shortage and threat of deficient monsoon are pushing adoption of farm machinery Taraori: Vikas Chaudhary, a farmer in Haryana's Karnal district, started using a maize planter in 2012. The acquisition of a happy seeder around the same time helped him sow wheat directly. The two machines helped him reduce input costs substantially. "With the help of machines, I have managed to reduce the input cost for paddy by Rs 2,000...
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