-The Hindu Sans quality jobs, ‘aspirational young India’ will become ‘angry young India’ The government – and Paytm – may not agree, but there are some downsides to the rising digitisation and connectivity. One is an unleashing of aspirations. Everyone wants not just what Bengal’s leftists used to contemptuously dismiss as components of the middle-class Indian dream — gaadi, baadi, chaakri (car, home, job) — but a whole lot of other things....
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Political economy structures perpetuate myopic understanding of agriculture sector -Nirvikar Singh
-The Financial Express A half-dozen years ago, I participated in a conference on water resource challenges in India. I remember Upmanu Lall, professor at Columbia University, graphically and bluntly making the point that Punjab’s water table was not far from collapse. This has been known for years, and there have been feeble efforts to deal with the problem, but they have been far short of what is needed. My own understanding...
More »Why are Madhya Pradesh farmers protesting despite record growth? -Dipti Jain
-Livemint.com The earnings of an average farm household in Madhya Pradesh remains among the lowest India, although farmers have gained from rapid agricultural growth Mumbai: Protests by farmers across India amid bumper harvests have surprised many. The biggest source of surprise has been one of the hotspots of the protests, Madhya Pradesh (MP), a state that has posted record agricultural growth over the past several years. A Mint analysis shows that although farmers...
More »Calls for farm loan waiver in Haryana as potato prices crash, farmer debt surges -Sayantan Bera
-Livemint.com Farm loan waivers have been announced in Maharashtra and promised by PM Narendra Modi in Uttar Pradesh, then why should Haryana, another BJP state, be left behind, questions a farmer Kurukshetra/ New Delhi: Next to a sprawling mango orchard, a four-hour drive from the capital, birds peck on worms emerging from rotting potatoes heaped by the wayside. The shade of giant mango trees offers relief from the heat of this hot...
More »Cabinet clears 5% interest subvention for crop loans
-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will...
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