-Livemint.com The RBI norms towards targeted marginal lending for the small farmer is a structural solution to aid them—unlike bailout packages, which provide only short-term relief In its latest overhaul of priority sector lending rules, the central bank has stipulated that lenders should funnel at least 8% of their credit to small and marginal farmers. While the overall agriculture loan growth has galloped over the past decade, the chart shows why...
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Low rainfall may affect bank non-performing Assets
-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average Assets...
More »If you want to help the farmer -Vani S Kulkarni, Katsushi S Imai and Raghav Gaiha
-The Indian Express As the toll of human misery and suicide mounts, official estimates of farm losses due to unseasonal rains and hailstorms in March remain controversial, with hasty downward revision. Since these estimates are largely notional, without validation from field visits, such revision smacks of deliberate fiddling. On March 24, the agriculture ministry reported that crops on 18 million hectares — about 30 per cent of the rabi crops —...
More »Economic gap between upper castes and dalits persists -Subodh Varma
-The Times of India Despite more access to education, better household amenities and increased incomes, the economic gap between upper castes and dalit and tribal communities continues unchanged over the years, according to latest economic data from the NSSO. A comparison of average monthly expenditure of households belonging to dalit communities with upper caste households showed that in rural areas there was a gap of about 38% in 1999-2000 which changed only...
More »If we hobble Right to Information, then we hobble India’s democracy -Sanjoy Narayan
-Hindustan Times It took nearly 15 years for India's Right to Information Act (RTI) to finally become a law in 2005 after the late VP Singh (who was India's prime minister briefly) first stressed the importance of a law that would give citizens the right to seek and get information. But now that landmark act could become toothless in far less time than that. If that happens, it will be a...
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