Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...
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'Access to formal credit increases income of farmers' -TV Jayan
-The Hindu Business Line Letting farmers use Kisan Credit Card for non-farm use for a limited time can help improve credit facility to small farmers The returns earned by farmers, who have access to formal credit, are on an average 17 per cent higher than what farmers, who are dependent on informal sources including loan sharks, earn, said an agricultural economist. Besides, access to institutional credit increases the per capita monthly consumption expenditure...
More »A meaningful safety net for the poor -Kirit Parikh
-The Indian Express Government’s scheme to pay Rs 6,000 every year to poor rural households will increase their expenditure, reduce poverty by 10 to 20 per cent in many states. In the last week of February, the government launched a scheme to pay Rs 6,000 every year to poor rural households who own less than 2 hectares of land. The scheme will have an annual outlay of Rs 75,000 crore. The...
More »Economy in a shambles: PC
-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...
More »An unexceptional economic performance -Pulapre Balakrishnan
-The Hindu It is now clear that the Indian economy is moving along a lower growth path At the end of May the Central Statistics Office (CSO) released much-awaited estimates of national income for the final quarter of the 2017-18 financial year. The timing coincided with the completion of four years in office of the National Democratic Alliance (NDA) government. In a propaganda blitz, surging through the Net, the government embraced the...
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