The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
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Why India needs to show some spine -Leena Menghaney
-The Hindu In the area of intellectual property, public health and access to medicines, the Narendra Modi government should consider its independence to be of the utmost importance. Strong government leadership as well as flexible intellectual property systems are needed in order to effectively combat drug-resistant tuberculosis (DR-TB) and HIV and also antimicrobial resistance and non-communicable diseases. This is true not only for India but also countries which rely on affordable generic...
More »School in parched Bengal’s Jangalmahal: 10 toilets for 60 girls, not a drop of water -Aniruddha Ghosal
-The Indian Express The 10 toilets were built in three spurts — four toilets each were inaugurated before the 1999 and 2005 Assembly elections, when the Left Front was in power. Sahari (Binpur): Two classrooms, 60 students and 10 toilets for girls — none of which is functional. This is Sahari Primary School at Binpur, an assembly segment in Jangalmahal reserved for tribals. Like clockwork, politicians have turned up here before...
More »Clearing the air on LPG -Siddharth George & Arvind Subramanian
-The Indian Express Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent. Direct cash transfers have the potential to improve the economic lives of the poor by transferring benefits to households quickly and directly. Achieving these benefits requires thoughtful design of schemes, and careful, rigorous analysis of ongoing...
More »Monsoon likely to be ‘above normal, well-distributed’
-The Hindu Business Line A long-range forecast is not authoritative, but sets the mood for farmers, industry New Delhi: After two consecutive years of drought, the monsoon this year promises to be above normal, going by an early forecast. A long-range weather forecast by climate management company Weather Risk Management Services indicates that the monsoon this year may end up 5 to 10 per cent above normal — with well-distributed rainfall over the...
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