-Hindustan Times London: There are 1.6 billion people living in multidimensional poverty across the world and nearly 440 million of them are in eight large Indian states, according to a new analysis using a unique index developed at the University of Oxford.   The eight Indian states that have similar number of poor as in 25 African countries are Bihar, Jharkhand, Madhya Pradesh, Uttar Pradesh, Chattisgarh, Odisha, Rajasthan and West Bengal. The poorest...

-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...

-The Hindu Hyderabad (Telengana): Delay in commencement of institutional credit disbursement likely to affect sowing. Credit requirement for kharif operations is nearly Rs. 26,000 crore. Notwithstanding the copious rains received in most parts of Telangana and availability of seed and fertilizer in ample quantities, the delay in commencement of institutional credit disbursement, crop loan release by Banks, is likely to affect the sowing operations in the current kharif season. Credit requirement Though the Agriculture...

-Hindustan Times Mumbai: For a state considered the sugar bowl of the country and home to generations of politically heavyweight co-operative doyens, this is a sign of changing times. The drought-prone Solapur district in western Maharashtra, which has the highest number of sugar factories in the state (33), has finally decided to put a stop to cultivation of the water-guzzling sugarcane crop, with its collector saying the area under cultivation for the...

-The Hindu Business Line Finance Minister meets Bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and Bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...