-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the development of credit markets The Bharatiya Janata Party (BJP) won the 2017 state elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...
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Sam Pitroda, regarded as the father of India's telecom revolution, interviewed by Peerzada Abrar (The Hindu)
-The Hindu Online media companies don’t take responsibility for their content, he says Sam Pitroda, regarded as the father of India’s telecom revolution, says that he is deeply concerned with the way social media is being misused globally to propagate lies, hatred and false ideas. In an interview, Mr. Pitroda says that in India also, social media has not been used effectively and technology is not meant to be misapplied. He says...
More »Note ban philosophy -Richa Roy
-The Indian Express Six months on, there appears little justification for demonetisation in theories of politics, governance. Demonetisation has been evaluated through multiple dimensions — political, economic, constitutional, legal — and the role of the institutions involved. However, what were the philosophical underpinnings for “the most sweeping change in currency policy that has occurred anywhere in the world in decades”? One might think demonetisation was from the utilitarian school (given the rhetoric around...
More »40,000 'erroneous' payments in Aadhaar-linked subsidy disbursal in Karnataka
-The Hindu ‘Banks told to re-verify and retrieve these payments if found to be erroneous’ Karnataka: The input subsidy that the State government paid to a farmer, Venkatamma, has been debited to one Vincent Rajkumar’s account. This is one of the nearly 40,000 suspected erroneous payments in the first-ever Aadhaar Enabled Payment System (AEPS) disbursal of input subsides — given as part of drought relief — to around 18 lakh farmers...
More »The Centre Has Abdicated Its Responsibility to Farmers Through Its Pricing Policies -Kavitha Kuruganti
-TheWire.in The insurance coverage in 2015 was 22.3%, with a government expenditure of Rs 2,955 crore. But by spending 4.5x since, how does the government admit to a coverage of only 23%? Farmer suicides and agrarian distress have likely never been among the national public debates as they are right now. A group of Tamil Nadu farmers, whose protests in New Delhi were dubbed ‘bizarre’ but who were actually desperate for debate and...
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