-The World Bank India has among the lowest female labor force participation rates (LFPRs) in the world. In particular, low female LFPR is a drag on Gross Domestic Product (GDP) growth and an obstacle towards reaching a higher growth path. Women are also an untapped source of managerial and entrepreneurial skills. By excluding women, the pool of such talent becomes shallower and growth suffers. If the overall lack of jobs, especially...
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Telecom to Banking, most services to be costlier with GST -Sidhartha & Pankaj Doval
-The Times of India NEW DELHI: For some days now, several service providers — from insurance and Banking to telecom and hotels — have been sending emailers to customers warning of a GST-driven increase in prices starting July 1. Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit...
More »Farm loan waiver may give Karnataka farmers easier access to credit -
-Livemint.com Burden of farm loans has driven many Karnataka farmers into the clutches of moneylenders, who at times charge even by the hour Bengaluru: Naveen Kumar, 40, a small farmer in Hassan district, Karnataka, paid Rs.2,400 as premium (Rs.1,200 per acre) to insure his jowar crop last year. The crop failed after deficient rains. But Kumar was covered—or so he thought. Earlier this year, he received Rs1,600 (Rs800 per acre) as compensation—33% less...
More »A farm crisis is slowly brewing in Assam - and farmers are staging protests to draw attention to it -Arunabh Saikia
-Scroll.in Farmers complain they do not have any support from the state in terms of irrigation or price guarantees for their cash crops. On the morning of June 17, there was an uproar outside the office of Thaneswar Malakar, the deputy commissioner of Assam’s Barpeta district. Some 50-odd rice farmers, under the Banner of the farmers’ organisation Krishak Mukti Sangram Samiti, shouted slogans and demanded to meet Malakar. The farmers were agitated...
More »Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
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