-Livemint.com Rural development secretary Amarjeet Sinha on how MGNREGS has evolved since 2006 to result in income, acreage, water tables, productivity and fodder availability Agrarian distress and rural distress are terms used interchangeably, but the rural economy today is very different from what it was many years ago, given the diversification of rural incomes and hence incorrect to think one means the other, says Amarjeet Sinha, secretary, ministry of rural development. In...
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Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years
-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
More »As the milk glut intensifies, farmer protests are likely to spill over -Sayantan Bera
-Livemint.com Together with large stocks of sugar and higher planting of sugar cane, the surplus situation in Indian agriculture is set to worsen, fuelling another round of farmer protests as states like Madhya Pradesh, Chattisgarh and Rajasthan goes to polls Pune/ New Delhi: Karan Ramdas Atole’s dairy farm is a neat brown square of cleared ground surrounded by lush green sugarcane fields. A mechanical engineer by training, 25-year-old Atole took a Loan...
More »Are Loan waivers the only way to help farmers? -Sanjay Kaul
-The Hindu Business Line The trend of farm Loan waivers has gripped the country and Karnataka is the latest to jump on to the bandwagon. The fiscal strain of farm Loan waivers on the States is worrisome. As per RBI, the gross fiscal deficit (GFD) of States rose to 3.1 per cent of GDP in 2017-18, breaching the threshold of 3 per cent GFD/GSDP ratio recommended by the Finance Commission. This threshold has...
More »Need for changes in agrarian policy
-The Hindu All India Kisan Sabha to take out march to Parliament in November Tamil Nadu: The All India Kisan Sabha, along with over 190 farmers organisations from across the country, would take out a three-day ‘Kisan Mukthi Long March’ to Parliament in November seeking radical changes in the agrarian policy in order to prevent farmers’ suicides under a neo-liberalisation regime, said its national president Ashok Dhawale. He is here in connection with...
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