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RBI panel questions efficacy of populists schemes for farmers, in favour of more structural changes -Atmadip Ray

-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost farm loan delivery uniformly across regions. The internal group led

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Financial exclusion: 40.9 per cent of small, marginal farmers not covered by banks -George Mathew

commercial banks (SCBs), the report submitted by the RBI panel has said. On the other hand, the working group has raised concerns over SMF seeking funds outside the banking system. A significant portion, approximately 30 per cent of agricultural households, still avail credit from non-institutional sources only which is a “cause of concern”, the RBI panel said in its report. At the aggregate level, banks have been able to achieve the

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Govt deal no lifesaver for Kashmir apple-growers, could leave them poorer -Azaan Javaid

ntage over conventional sales, ThePrint has learnt.   With militants reportedly threatening traders against conducting business, and a public curfew in place against the decision to abrogate Article 370, tonnes of Kashmir’s famed apples, worth thousands of crores, faced the prospect of rotting or distress sale. To guard against this, the Jammu and Kashmir administration, currently under Governor Satya Pal Malik, launched a market inte

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With auto sector in slow lane, tyre makers begin to feel pinch -Yuthika Bhargava

ur demand. “The tyre sector being directly linked to the auto sector has been impacted by the slowdown as well. Although the replacement demand had somewhat cushioned the impact initially, particularly for commercial vehicles, in recent months it is also showing worrisome signs,” Rajiv Budhiraja, director-general at Automotive Tyre Manufacturers Association (ATMA) told The Hindu. He added that if the current situation continues, tyre

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Centre ought to have consulted states on terms of reference to Finance Commission: Manmohan Singh

ght to have consulted the State governments before introducing additional terms of reference for the 15th Finance Commission seeking to create separate funds for Defence and Internal Security. Asserting that unilateralism was not good for a federal polity and cooperative federalism, Mr. Singh said the best course would have been to go back to to the Chief Ministers’ conference and consult with the States. “Otherwise there will be a stro

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Non-NDA states flay change 15th Finance panel's terms of reference -Ronak Chhabra

aimed at further squeezing the revenue share of states, without even consulting them, various finance ministers of non-BJP ruled states and Opposition leaders said at a seminar here on Saturday. In particular, most leaders severely critical of the Bharatiya Janata Party-led Central government’s move to create a defence and internal security fund by dipping into financial resources of the state. The 15th Finance Commission is scheduled to subm

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Malnutrition: 15 hospitals in Ghaziabad to treat kids without cost -Aditya Dev

-The Times of India GHAZIABAD: As many as 15 private hospitals in the Ghaziabad district of UP have agreed to provide free treatment and food to 2,425 children suffering from acute malnutrition, officials said. The administration has set a target to pull out the children from acute malnutrition (red category) by September 30. A private hospital has already agreed to work. Now, 14 more hospitals have been roped in. Gaurav Pandey, spokesperson, Yashoda Hospital, Kaushambi, said: &ldquo

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Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)

In the United States, for instance, they brought down the interest rates to virtually zero but nonetheless it did not have much of an impact. Interest-rate policy is always blunt anyway and in this particular situation, it is not going to help at all. As a result, the BJP government does not have a way of tackling this crisis, which is going to get aggravated. KS: What about the slowing down of the growth rate of the Indian economy? PP: Even whe

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Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik

y, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now art

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Merchandise exports affected by global slowdown but not export of services

. However, nearly one-fifth of India’s GDP (at constant prices) came from exports (of ‘merchandise’ and ‘services’) during the same period. We also find that the proportion of exports in GDP (at 2011-12 prices) increased marginally from 20.4 percent to 20.6 percent between the first quarter of 2018-19 and first quarter of the current financial year. On the contrary, the proporti More »

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