-The Indian Express Agriculture’s contribution to poverty reduction is five times more than that of metropolitan centres Speaking at the third BRICS Urbanisation Forum in Visakhapatnam on September 14, Deputy Chairman of the Niti Ayog, Arvind Panagariya, announced that “Without cities we can’t grow rapidly”. He added, “urbanisation plays an important role in poverty alleviation”. Both claims are exaggerated and somewhat misleading. A recent report prepared for the UN points out that, over...
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Make default list public: SC
-The Telegraph/ PTI New Delhi: The Supreme Court today asked the Centre and the RBI to disclose the names of borrowers who had each defaulted on public-sector bank loans of Rs 500 crore and above but the apex bank raised objections. The top court, after going through the defaulters' list submitted by the RBI in a sealed cover on March 29, said 57 people had defaulted on loans worth Rs 85,000 crore...
More »e-NAM - a long way to go -Rajalakshmi Nirmal
-The Hindu Business Line The electronic-National Agriculture Market is a sound idea but implementation is at a nascent stage Farmers in Telangana staged a protest last Monday, demanding discontinuation of the electronic-national agriculture market (e-NAM) platform and restoration of the previous platform provided by NCDEX e-Markets. It followed the failure of the software to accommodate the heavy volumes of the peak season arrivals, beginning with maize and soyabean. The Agriculture Produce Marketing Committee (APMC)...
More »Work and welfare: MGNREGA 2.0 -Harish Damodaran
-The Indian Express The flagship rural jobs programme has shown improved performance after initial neglect by the Modi government. New Delhi: The Narendra Modi government may spend close to Rs 60,000 crore on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the current fiscal, a record for the programme that was a baby of the previous United Progressive Alliance regime. The Union Budget had allocated Rs 38,500 crore towards MGNREGA for...
More »Missing stock is harming our food security
-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...
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