-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic...
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Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
More »Rural Distress: A farmer- and Banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan
-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with Bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
More »Supreme Court to states: Implement Food Security Act -J Venkatesan
-The Asian Age The AG assured the court that the law would be implemented across the country. New Delhi: Even as the Supreme Court on Wednesday asked the Centre, all states and Union Territories to implement provisions of the Food Security Act, attorney general K.K. Venugopal cautioned the court about issuing directions by expanding the scope of the petition relating to drought relief. A bench of Justices Madan B. Lokur and N.V. Ramana...
More »Allow cops to raid homes for beef, Maharashtra urges SC -Dhananjay Mahapatra
-The Times of India NEW DELHI: In a surprise move unmindful of the huge controversy it had sparked, the Maharashtra government has moved the Supreme Court seeking revival of a provision of law that made it an offence to carry or keep beef at home in the state. More than a year ago, the Bombay high court had doused protests against the beef Ban by striking down Section 5D of the Maharashtra...
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