-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...
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A sketchy road map for health policy -Nidhi Khurana
-The Hindu Much of the National Health Policy document reads like a report of health issues and systemic challenges, and is sorely wanting on policy detail Health impoverishment - falling into poverty due to health care costs - affects 63 million individuals in India every year. This is a damning statistic, especially when read with the fact that 18 per cent of all households face catastrophic health expenditures (health expenditure greater than...
More »Case for proper crop insurance scheme -Devinder Sharma
-Deccan Herald Make new entrants provide 40 per cent risk coverage to the farming sector on a household basis. Unseasonal rains and strong winds that lashed the entire north-western region have done immense damage to the standing crops. The Union Ministry of Agriculture has estimated damage to standing crops in 50 lakh hectares in Punjab, Haryana, Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh, Madhya Pradesh, Rajasthan and Maharashtra. Coming after an extended...
More »Losing the plots -Pratap Bhanu Mehta
-The Indian Express The debate over the land acquisition bill is increasingly marked by political tone deafness and legislative hubris. The government has offered minor amendments. But most of them are designed to display its consistent ability to be too clever by half rather than its ability to address deep issues. The 2013 bill had been framed in the context of several issues. The now much-maligned Land Acquisition Act of 1894...
More »How the Budget short-changed states' social security schemes -Nitin Sethi & Ishan Bakshi
-Business Standard States will now have to spend from their pockets to keep their social-sector schemes going The 2015-16 Budget seems to have broken the contract between the Centre and the states on sharing the economic burden for delivering social security. The Centre's assistance to the states for social sector schemes has come down from a budgeted Rs 3.56 lakh crore in FY15 to Rs 2.20 lakh crore in FY16. Effectively, while the...
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