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Loan waiver is not the solution -Anjani Kumar and Seema Bathla

-The Hindu We need to revisit the credit policy with a focus on the outreach of banks and financial inclusion Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the...

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Christian, Muslim households top in donations for charity -Suvojit Bagchi

-The Hindu But in absolute terms, Hindus contributed maximum in 2014-15, thanks to larger population, according to National Sample Survey data Hindus donated a little over Rs. 15,600 crore as religious contribution in 2014-15 — six times the quantum donated by Muslims — but the per-household contribution of Muslims is marginally higher than that of Hindus, as they are enjoined by religion to give to charity. But the per-household religious contribution of Christians...

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Are farmers collateral damage of modern economic growth? -Sanjiv Phansalkar

-VillageSquare.in People living in villages, who are migrating in large numbers to urban spaces in search of livelihoods, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labor costs low Till about 1990 since Independence, our country followed what may be broadly termed an import-substitution strategy for economic growth. This meant high import duties and rigid non-tariff barriers on imports and...

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Wealth in India: The poor do not count -Manas Chakravarty

-Livemint.com The richest household’s assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...

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Ten years after Sachar Report -Zeeshan Shaikh

-The Indian Express There’s been no major change in the condition of India’s Muslims. Here are the numbers On November 30, 2006, the 403-page report of the Sachar Committee, on the social, economic and educational condition of Muslims in India, was tabled in Parliament. The Committee, headed by former Chief Justice of Delhi High Court Rajinder Sachar, was set up soon after the UPA 1 government took over, and it submitted its...

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