-The Indian Express Insecurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large sections of those even much above that line are subject to...
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Promising the moon, but will they deliver?
-Livemint.com Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn’t well in India’s hinterland. An analysis of the poll results in these three states show that the...
More »MUDRA loans: Big States get a major share; smaller ones left high and dry -Radheshyam Jadhav
-The Hindu Business Line TN entrepreneurs account for 10% of loans disbursed Pune: The growth of entrepreneurship in the non–corporate small business sector (NCSB) in smaller States has not received any major boost under the Central government’s ambitious MUDRA loan scheme. Data show that States that already have higher Credit–Deposit (C-D) ratios — a yardstick that indicates better access to institutional credit — are the ones reaping the benefit of the scheme. While six...
More »Three years on, bank credit to MSEs continue to shrink -Mayur Shetty
-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
More »Farmers and Their Nation
-Economic and Political Weekly The cultivating millions need a responsive nation; they have decided not to flee or desert it. In the last few months, the All India Kisan Sangharsh Coordination Committee (AIKSCC), consisting of nearly 200 farmers’ organisations, has been mobilising farmers for a march towards Delhi (Dilli Chalo). They plan to reach the capital city on 29 and 30 November. The AIKSCC’s main agenda is the demand for a special...
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