-The Hindu Business Line The trend of farm loan waivers has gripped the country and Karnataka is the latest to jump on to the bandwagon. The fiscal strain of farm loan waivers on the States is worrisome. As per RBI, the gross fiscal deficit (GFD) of States rose to 3.1 per cent of GDP in 2017-18, breaching the threshold of 3 per cent GFD/GSDP ratio recommended by the Finance Commission. This threshold has...
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How Telangana supports farmers with Rs 4,000 for every acre they own -Sreenivas Janyala
-The Indian Express A look at the scheme Rythu Bandhu, seen by Arvind Subramanian as a template for agriculture policy. Hyderabad: A support scheme for farmers in Telangana has earned the appreciation of outgoing Chief Economic Advisor Arvind Subramanian, who spoke about it during an Idea Exchange interaction with The Indian Express journalists and then wrote in The Financial Express that it can be the template for social and agricultural policy. Called...
More »Govt drops incentives given for UPI transactions -Mayur Shetty
-The Times of India MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users. The move to withdraw the incentives...
More »Hollowing out a promise -Jean Dreze
-The Indian Express NREGA is a demand-driven programme and if the demand vanishes because wages are low and uncertain, nothing will be able to save it. The National Rural Employment Guarantee Act (NREGA) is going through a deep crisis of delayed and failed wage payments. The problem is not new, but it is more serious than ever and threatens to undermine the entire programme. The crisis has at least four manifestations: Delayed payments,...
More »'Liberalisation' of qualifications -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Controversy has again enveloped the bailiwick of the chief economic adviser to the finance ministry amid suggestions that the Narendra Modi government has lowered the academic credentials and experience for the next incumbent who will replace Arvind Subramanian. Congress leader Ahmed Patel stirred the pot with a tweet: "Why has government diluted the educational and professional requirements for the post of chief economic advisor? Economist positions, even in...
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