The newly released Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round) establishes the fact that the farm households are more and more relying on wage incomes instead of 'net incomes from crop cultivation' for their livelihoods. In Marxian lexicon, proletarisation (a term that we can loosely use for depeasantisation) refers to the process in which the farmers/ tillers are...
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In spite of RBI’s warning, Centre invested Rs 250 crore in Yes Bank in 2019-20
-Scroll.in The RBI had first flagged serious lapses in the bank’s governance in 2018. The Centre invested Rs 250 crore with private lender Yes Bank in the financial year 2019-’20 even though the Reserve Bank of India had deemed the bank as risky in 2018, shows the financial statement of the Prime Minister’s National Relief Fund. The investment in Yes Bank Fixed Deposit Receipts was made even as Finance Minister Nirmala Sitharaman last...
More »World Bank to discontinue ‘Doing Business’ reports after irregularities found in data -Kunal Gaurav
-Hindustan Times The irregularities in Doing Business reports had affected four countries: China; Saudi Arabia; United Arab Emirates; and Azerbaijan. World Bank Group has decided to discontinue ‘Doing Business’ reports that used to assess investment climate in countries after data irregularities were found in 2018 and 2020, reported news agency Reuters. In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities were reported regarding changes...
More »Tackling India's structural vulnerability in agriculture -Sushma Vasudevan and Aparna Bijapurkar
-The Hindu Business Line A sustainable collectivisation of agri produce and marketing, through Farmer Producer Organisations, will help the highly fragmented agriculture sector realise its full revenue potential. It is widely known that India’s agriculture sector has a challenge of lack of scale. Around 80 per cent of our farmers are small and marginal, with less than two hectares of land. Farmer Producer Organisations (FPOs) have been posed for years as the...
More »Devil’s Advocate: Are solar electricity and electric vehicles really ‘clean’ -Satish Vitta
-Down to Earth A behind-the-scenes look helps one know that human as well as economic costs need to be paid upfront to make either solar grade silicon or put together a million lithium batteries A recent analysis performed by the National Aeronautics and Space Administration shows that it is a business-as-usual scenario. The global average temperature has been 1.02 degrees Celsius (°C) higher than the baseline. The World Meteorological Organization has announced the...
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