-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
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Who cares for the small farmer? -PSM Rao
-The Hindu Business Line Not the RBI, going by the revised priority sector lending norms, which will further reduce credit to the marginalised Prime Minister Narendra Modi has often expressed his sense of anguish at the plight of farmers. In a recent statement in the Lok Sabha, he noted that the agriCulture community’s problems were “old, deep-rooted and widespread”, and stated that farmers cannot be left to fend for themselves. Implicit in that...
More »Farmers Find their Voice Through Radio in the Badlands of India -Stella Paul
-IPS News TIKAMGARH: Eighty-year-old Chenabai Kushwaha sits on a charpoy under a neem tree in the village of Chitawar, located in the Tikamgarh district in the central Indian state of Madhya Pradesh, staring intently at a dictaphone. “Please sing a song for us,” urges the woman holding the voice recorder. Kushwaha obliges with a melancholy tune about an eight-year-old girl begging her father not to give her away in marriage. The melody melts...
More »Varun Gauri, Senior Economist, Development Research Group at the World Bank, interviewed by Anjuli Bhargava
-Business Standard The World Bank's latest report "Mind, Society and Behaviour" calls for re-designing development policy based on a more realistic understanding of how human beings think and behave. The lead author of the report, Varun Gauri, was in New Delhi and spoke to Anjuli Bhargava on the thinking behind the report and what India can do with it. Edited excerpts: * Right from the cover design to the title, this report...
More »Only 1 in 4 MPs in India is below the age of 45 -Kounteya Sinha
-The Times of India LONDON: The world is getting younger but the world's parliamentarians, elected to govern are getting older. The median age of the global population is around 26.4 years and among the voting age population worldwide, 49% are between the ages of 20 and 39, But the average age of those sitting in the world's parliaments is now between 51-60 years. A 20-year-old Scottish student made history in May 7 general elections...
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