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31% rural households indebted, paying heavy interests despite various govt schemes: Panel -Iftikhar Gilani

-DNA Only 17% rural households take loans from financial institutions | Caste affiliation, gender play a part in getting credit As many as 31% of rural households in India are indebted and a significant number still depend on money-lenders, paying heavy interests, despite various government schemes and a network of rural banking. A parliamentary panel that probed the state of rural, agricultural banking found that a mere 17% rural household had taken...

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Bridging the skill gap -Santosh Mehrotra

-The Hindu A levy on firms, resources from which are earmarked for vocational training, is what could help the country bridge the skill gap in its workforce. Financing technical vocational education and training (VET) is costlier than general education due to its technical nature. Pre-service training requires the installation of equipment and trained instructors to train youth. This raises the cost of training, and remains a factor preventing pre-service training from expanding...

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Whose forests are these anyway? -Neera Singh

-The Indian Express The current bill does not take into account any of the criticism voiced against an earlier version, proposed under the UPA government in 2013; it continues to ignore the Forest Rights Act. A recent controversial bill that outlines a framework for the utilisation of compensatory afforestation funds is being strongly contested and challenged by civil society actors. It raises important questions that are fundamentally connected to forests: Whose...

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How to get the weave right -Seema Bathla & Prateek Kukreja

-The Hindu The government must target labour market rigidities to maximise gainful employment in the textile sector. India’s textile and apparel industry is all set for an overhaul as the new National Textile Policy will soon be placed before the Cabinet for approval. The government has already accepted a Rs.60 billion special package for this sector with an aim to create 10 million new jobs in the next three years, attract investments...

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Machine fails to read fingerprints, 1.4cr Rajasthanis go without ration -Rosamma Thomas

-The Times of India Jaipur: They were meant to ease processes and clean up corruption in distributing food grain to the poor. Instead, the e-Point of Sale (PoS) machines have thrown up more problems than solutions. Each of these devices costs roughly Rs 17,000. They are programmed to read fingerprints of those registered to receive subsidized grain, connect to the Aadhaar database over the Internet and authenticate the recipient. Clearly, things aren't playing...

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