-Livemint.com The richest household’s Assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural Assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...
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In largesse we trust
-The Hindu Two separate decisions on farm loan waivers could have a domino effect Chairing his first cabinet meeting after taking over the reins in Uttar Pradesh, Chief Minister Yogi Adityanath approved a write-off on outstanding farmer loans of up to Rs. 1 lakh taken before March 31, 2016. The State cabinet also decided to waive loans worth Rs. 6,000 crore extended to small and marginal farmers that had turned into non-performing...
More »Does the Banking System Really Want to Help Farmers? -Devinder Sharma
-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
More »Adityanath, No Stranger To Criminal Cases, Promises Safer UP -Milan Vaishnav
-NDTV In his maiden appearance after being named Uttar Pradesh chief minister, Yogi Adityanath proclaimed that his Bharatiya Janata Party (BJP) government would maintain a laser-like focus on the twin themes of combating corruption and restoring law and order. "In the past 15 years," Adityanath noted, "UP lagged behind in the race of development as previous governments indulged in corruption, nepotism, and failed on the law order front." Indeed, one of...
More »Govt likely to keep MGNREGA labour budget for 2017-18 unchanged -Sanjeeb Mukherjee
-Business Standard Pending labour wages by the end of 2016-17 could be around Rs 3,000-4,000 crore For the second year running, the Centre is likely to approve a labour budget of around 2.2 billion person-days under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The labour budget, for 2017-18, could be enhanced as well, if more demand is generated owing to drought or insufficient rainfall in any part of the country, senior...
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