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Lending to priority sector is good business, Mundra tells banks

-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...

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Tamil Nadu's granary losing substantial ground: delta region shrinks by 20% -Vidya Venkat

-The Hindu Climate change and anthropogenic factors are having a detrimental effect on the Cauvery delta region, a study spanning almost four decades reveals The Cauvery delta region, widely regarded as the granary of Tamil Nadu, has shrunk, with cultivable lands increasingly deteriorating into waste lands — this is the finding of a recently concluded study undertaken by retired professor of the Madras Institute of Development Studies (MIDS) S. Janakarajan. Funded by the...

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MGNREGA wages less than minimum farm wages in 15 states: Panel -Shalini Nair

-The Indian Express As per data being examined by the committee, the minimum wages paid to agricultural workers are significantly higher than MGNREGA wages in Karnataka, Punjab, Jharkhand, Uttarakhand, West Bengal, Mizoram, and Andaman and the Nicobar Islands. THE COMMITTEE for revision of wages paid under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) has found that minimum agricultural wages are higher than MGNREGA wages in 15 states. An upward revision...

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Unaffordable sacredness of our cattle -Himanshu Upadhyaya

-GovernanceNow.com The cost of maintaining our 5.3 million stray cattle comes to about Rs 30,115 core per year A lot of debate that we witness in the media on the cattle question these days suffer from the disease of speculative utopian imagination of a ‘cow-nation’ and relentless abuses for those beef-eating ‘others’.   Political debates over the question of our bovine stock has mostly been heavily polarising and mindlessly simplistic, notwithstanding exceptions like veteran...

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Written-off in the hinterland -Krishna Kumar

-The Hindu Our education system has failed to integrate the rural into the larger political community, the nation Rural Mandsaur, where five persons were killed during a demonstration recently, is a prosperous region of western Madhya Pradesh. More than a decade ago, I had the opportunity of spending two days with the children of a private residential school in Mandsaur. At that time, it was the only English-medium residential school. Its vast and...

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