-ThePrint.in French economist defends Congress' minimum INCome guarantee scheme, says India's poor have been 'badly treated by the country's elite'. New Delhi: French economist Thomas Piketty has defended the Congress party’s poll promise of minimum INCome guarantee (MIG), saying that India’s poor have been “badly treated by the country’s elite”. “It is high time to move from the politics of caste conflict to the politics of INCome and wealth distribution,” Piketty said in...
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RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct INCome support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the INCreased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
More »How useful will farmer support be? -Sanjiv Phansalkar
-VillageSquare.in It will not be easy to optimally deploy the basic INCome support announced by the government for small and marginal farmers. The scheme has large exclusions in the landless and the women as well India has taken the first step in providing basic INCome support to small and marginal farmers owning up to 2 hectares of land. This is to be a direct benefit transfer (DBT) of an annual Rs 6,000...
More »Students hit Delhi streets for jobs -Pheroze L VINCent
-The Telegraph The main organisers of the march INCluded the student and youth wings of the CPIML-Liberation, Samajwadi Party and Swaraj India They came for jobs and to defend the quota. Thousands of students hit the streets of the national capital on Thursday, marching from Red Fort to Sansad Marg, to demand better employment and education opportunities in a show of strength that brought together youths from across the country. The 6km march of...
More »A costly short-term borrowing: Dip into small savings -Sunny Verma
-The Indian Express The NSSF collects funds through small savings schemes, such as Post Office Savings Account, National Savings Time Deposits, National Savings Recurring Deposits, National Savings Monthly INCome Scheme. It is a costlier form of borrowing for the government as compared to market loans. New Delhi: AN INCREASED reliance on the National Small Savings Fund (NSSF) and issue of recapitalisation bonds has helped the government to improve its fiscal affairs...
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