-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
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Realty sector: Getting the foundation right
-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...
More »India's rich got richer under UPA-II, will get wealthier under Modi govt
-Hindustan Times In signs of rising disparity in wealth distribution, only 928 households own a fifth of India's private wealth, according to a report by the Boston consulting group. The percentage of private financial wealth those 928 households own is 20%, the BCG report titled 'Global Wealth 2015: Winning the Growth Game' said. The number of such ultra high net worth households stood at 284 in 2013, and is projected to account for...
More »The Importance of Being 'Rurban': Tracking Changes in a Traditional Setting -Dipankar Gupta
-Economic and Political Weekly A categorical distinction is facing rough weather--that between urban and rural. If we take just agriculture, there is so much of the outside world that comes in not just as external markets but as external inputs. Further, many of our villages barely qualify as rural if we were to take occupation alone. So the earlier line that separated the farmer from the worker in towns is slowly...
More »Figures don’t lie: Housing loans for poor declining -Dipak K Dash
-The Times of India NEW DELHI: Terms like inclusive growth and roof-for-all may have gained political currency in the recent years, but trends show how public sector banks and Housing Finance Corporation (HFC) are reluctant to provide housing loans to the poor and lower middle class. The data that was presented before MPs at the consultative committee of urban development and housing alleviation on Wednesday highlighted how the outstanding housing loans up...
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