-TheWire.in A substantial decline in the share of agriculture in a farm family’s income and the lack of quality education has eroded hopes of a better future for a majority of India’s farmers. While the government pays lip service to the image of the Indian farmer – picture the stalwart yeoman, “Bharat,” hefting a wooden plough on his shoulder – in fact, the conditions of farm families have been in secular decline...
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Rajya Sabha brainstorms on agrarian crisis
-The Hindu BJP lists ‘pro-farmer’ steps; govt. blind to problems: Digvijaya Opposition members in the Rajya Sabha sought to corner the Centre on the issue of agrarian crisis on Tuesday, accusing it of floating policies that were detrimental to farmers’ interests. However, defending the Narendra Modi government, members from the BJP and its allies hailed the “pro-farmer” initiatives taken under his leadership. Prabhat Jha, Parshottam Rupala, Ram Narain Dudi, Sanjay Raut and La....
More »Incomes zoom, but jobs stagnate in informal sector -Subodh Varma
-The Times of India About a quarter of India's labour force, some 11 crore people, work in non-farm enterprises that can broadly be described as the unorganised sector. Of these 6.3 crore enterprises, none are covered under the Companies Act or Factories Act. In fact, more than two thirds are unregistered. These are not some fly by night vendors — 82% operate from homes or permanent structures outside homes, 98% are open...
More »Think beyond loan waivers -Ramesh Chand & SK Srivastava
-The Hindu Strengthening the repayment capacity of farmers by improving and stabilising their income is the only way to keep them out of distress Indian agriculture is characterised by low scale and low productivity. About 85% of the operational landholdings in the country are below 5 acres and 67% farm households survive on an average landholding of one acre. More than half of the area under cultivation does not have access to...
More »Lending to priority sector is good business, Mundra tells banks
-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...
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