-The Times of India NEW DELHI: The Centre is working on a plan to provide relief to farmers and is weighing options on a direct benefit transfer scheme for the distressed SECtor modelled on the Telangana system. Several rounds of discussions have been held and the view emerging within the government favours a limited direct benefit transfer scheme to help small and marginal farmers meet expenses for seeds, fertilisers, pesticides and labour. Sources...
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The safety net of the future -Pranab Bardhan
-The Indian Express InSECurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, inSECurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large SECtions of those even much above that line are subject to...
More »Kerala's alternative to farm loan waivers has lessons for India -Nidheesh MK
-Livemint.com Thanks to the debt relief commission, 11,354 Kerala farmers have benefited from a disbursement of over ?11 crore, and there are no farmer suicides in the state Ernakulam/ Bengaluru: Back in 2006, Kerala came face to face with an explosive situation. Ironically in a state dominated by Communist politicians, farming was dominated by export-oriented cash crops such as rubber and pepper, prices of which had plunged in the global market. It...
More »What Ails CAG, and What Can Be Done? -BP Mathur
-Centre for Financial Accountability blog The institution of Comptroller and Auditor General (CAG) in India is patterned on the British model. In Britain, The Exchequer & Audit Department Act of 1866 created the office of CAG with a view to strengthen democracy and exercise parliamentary control over national finances. The office of CAG came into being, thanks to the missionary zeal of William Gladstone who was Finance Minister at the time...
More »Pain points for the MSME SECtor -B Yerram Raju
-The Hindu Business Line The RBI has its task cut out as it sets about addressing the SECtor’s credit and viability concerns A debate on MSMEs has come alive due to the Centre’s insistence on a regulatory reprieve for the beleaguered SECtor post GST and post demonetisation. The RBI at its last Board meeting that Urjit Patel chaired, promised to set up a Committee on the MSME SECtor by the end of...
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