-The Indian Express Data collated from the Reserve Bank of India over the last five years shows that growth in credit outstanding for the priority sector has traditionally been rising at a much faster rate than the growth in gross bank credit An uptick in the economy is clear from the improvement in gross bank credit availability but unlike in the past, lending to the priority sector continues to trail, posting single-digit...
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Impossible to double farmers' income in six years, says Abhijit Sen -Abhishek Waghmare
-Business Standard Ex Plan panel member also says demonetisation took a huge toll on cultivators and labourers; favours loan waivers, is skeptical about cash support scheme New Delhi: Former member of the erstwhile Planning Commission, Abhijit Sen, has said that the ambitious aim of doubling farmers’ incomes is impossible target in the period the government has set for it. Addressing an Economics Summit organised by Sri Ram College of Commerce in Delhi,...
More »Neither Private Schools nor Technology Will Solve India's Learning Crisis -Rakesh Kumar Rajak and Martin Haus
-TheWire.in Reports on education ignore the fact that students in public and private schools are vastly different. Reform is necessary, but there are no silver bullets. The ASER report paints a grim picture of what is (not) happening in Bihar’s schools. Only around 24% percent of children in Class III can read a Class II text. A little more than half the enrolled children are present on any given day. More than...
More »Addressing agrarian distress: An alternative 'area planning' price support scheme for farmers -Sher Singh Sangwan
-The Indian Express The existing MSP-based procurement system is fiscally unsustainable. The time has come to consider market intelligence-based regulation of crop production Farmers are always in distress when prices of their produce are subdued. The response of governments, obviously prompted by political pressures, has been to sharply hike minimum support prices (MSP) of crops or declare loan waivers. Thus, the current government at the Centre has significantly raised the MSPs of...
More »Why KALIA may be better option than loan waiver in supporting big, small farmers
-Financial Express Even as loan waivers are known to help a small number of farmers, Odisha has come up with a farmer-centric scheme which assists farming on a large and secular scale. It comes at a time when a debate on validity of loan waiver is being discussed across the country. KALIA — a farmer-specific scheme launched by the state — includes payments to everyone from big farmers and landless cultivators...
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