LS polls: Rural hardship hurts BJP
6 months, 2 weeks ago

LS polls: Rural hardship hurts BJP

Hindustan Times  

New Delhi: Faced with the police’s tear gas and rubber bullets, farmers from Punjab have been protesting outside Delhi since February, a reprisal of the uprisings of 2020 and 2021, albeit on a smaller scale. Farmers protesting against new farm laws While the Bharatiya Janata Party has dominated large swathes of India’s rural heartland in the last 10 years, discontent and anguish among agriculturists is common. Rural dwellers do appreciate gleaming highways, cash transfers, subsidised cooking gas, piped water and free grain among a welter of welfare benefits offered by the National Democratic Alliance government led by Prime Minister Narendra Modi. In its second term, the Modi government had to face angry farmers over a set of unpopular farm laws and a demand to make minimum support prices for farm produce a legal right. “The second term of the Modi government was actually better for the farm sector than the first term, during which there was serious distress,” said R Mani of the Tamil Nadu Agricultural University.

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'Double engine' of private investment, mass consumption derailed under Modi government: Congress
1 month, 1 week ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

Big numbers, small impact? Understanding the effect of the Centre’s $400 billion welfare spend on monthly consumption
6 months, 4 weeks ago

Big numbers, small impact? Understanding the effect of the Centre’s $400 billion welfare spend on monthly consumption

Hindustan Times  

$400 billion — this is how much Prime Minister Narendra Modi has said his government spent for the welfare of hundreds of millions of poor and lower middle-class Indians since coming to power in 2014. Since 2014, Modi’s government has put in motion what former chief economic advisor Arvind Subramanian has called “New Welfarism”, where the Indian state prioritised providing …

Working class suffered the worst during Modi regime: Congress
8 months, 3 weeks ago

Working class suffered the worst during Modi regime: Congress

The Hindu  

Spelling out details of its promise to ensure shramik nyay or justice for labour, the Congress on Tuesday said it would include the right to health, urban employment guarantee, increase in wages for MGNREGA workers up to ₹400 and reviving labour laws to protect the working class interest in its manifesto. Addressing a press conference at the All India Congress …

Indian economy is resilient amid global slowdown: Sitharaman
1 year, 1 month ago

Indian economy is resilient amid global slowdown: Sitharaman

Hindustan Times  

The Indian economy is “remarkably resilient” amid a global slowdown because of “solid” domestic demand, moderate inflation, sustained capital expenditure and continued buoyancy in revenue collections, the finance ministry said in its monthly review on Tuesday. “Despite rising input costs, overall sentiment in the services sector remains upbeat, driven, among others, by an upswing in the tourism cum hotel industry …

PM Modi says 13.5 crore Indians rose above poverty line in last 5 years
1 year, 4 months ago

PM Modi says 13.5 crore Indians rose above poverty line in last 5 years

Live Mint  

New Delhi: A staggering 13.50 crore Indians have risen above the poverty line in the past five years, Prime Minister Narendra Modi said on Monday quoting a recent NITI Aayog report. Speaking at the Madhya Pradesh Rozgar Mela, the prime minister said, “When decisions are made with positive thinking, right intention, and full integrity, the whole environment gets filled with …

How falling farm incomes impact India’s economy
1 year, 8 months ago

How falling farm incomes impact India’s economy

Live Mint  

After a period of robust crop prices, farm incomes are likely to take a hit in 2023 following a glut in perishable prices and damage wreaked by unseasonal rains. In March, ready-to-harvest winter crops like wheat, chick peas and mustard were damaged by hailstorms and unseasonal rains in several states. But higher prices for rice and wheat are a result …

How Modi’s India Has Succeeded in Bringing Down Poverty in Rural Areas
2 years, 5 months ago

How Modi’s India Has Succeeded in Bringing Down Poverty in Rural Areas

News 18  

“If you can’t measure it, you can’t improve it.” This oft-cited quote is attributed to Lord Kelvin or William Thomson, who also theorised a completely new temperature scale. The poverty line has been disaggregated state-wise and separately for rural and urban areas. In one of the most cited essays on poverty, Lipton and Ravallion note: “The highest incidence and severity …

Over 50% Agricultural Families in Debt with Average Loan of Rs 74,121 in 2019: Survey
3 years, 3 months ago

Over 50% Agricultural Families in Debt with Average Loan of Rs 74,121 in 2019: Survey

News 18  

Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019, says a survey conducted by National Statistical Office. The report also found that in rural India, 17.8 per cent households were indebted to institutional credit agencies only against 14.5 per cent households in urban India. About …

Don’t take rural demand for granted as a growth driver
4 years, 2 months ago

Don’t take rural demand for granted as a growth driver

Live Mint  

Rising covid afflictions in the hinterland are indeed worrying—not just because of the relatively poor health infrastructure there, but also the wider disruption to economic activity it portends. Two, India’s rural-focused measures such as higher spending under the Mahatma Gandhi National Rural Employment Guarantee Scheme, extension of concessional credit to farmers, and front-loading of payments to farmers under the Pradhan …

Farmers Driven to Debt as Banks Turn Risk-averse During Covid-19 Pandemic
4 years, 3 months ago

Farmers Driven to Debt as Banks Turn Risk-averse During Covid-19 Pandemic

News 18  

Last month, Dnyaneshwar Siddhanth, a farmer from Maharashtra, was in desperate need of money to buy seed and fertiliser as the monsoon sowing season approached. Amid India’s worst economic slowdown in decades due to the novel coronavirus pandemic, millions of farmers like Siddhanth are being shunned by banks as lenders turn cautious due to rising bad loans. If the crops …

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