Bengal has not witnessed suicides by farmers due to crop failure as seen in several other States owing to some stability in the landless sharecroppers’ income, initiated by the West Bengal Land Reforms Act, 1955, its subsequent amendments, and the recording of names of sharecroppers — by the Operation Barga movement — entitling them to a share of farm produce. … [Read more...] about South Bengal ruinously impacted by COVID-19 and Amphan
By Nirmal Jain Have you seen the glee in the eyes of politicians when they announce loan waiver schemes for farmers? No prizes for guessing whether their eyes are filled with mercy for farmers or avarice for votes. A few weeks ago, the chairperson of the largest state-owned bank sensibly voiced her concern that the loan waiver could upset credit discipline. Some of the legislators had the audacity to demand her apology for this. For them, we are reminded of Jesus’ last words 'Father, forgive them for they do not know what they are doing'. But there are many people in the government and bureaucracy who know what they are doing. The smaller issue is that they are making bad banks, worse. The larger issue is if the Indian farmer is destined to live in destitution and die in debt? Let us take the smaller issue first. In theory, the burden of loan waiver is borne by the state governments. Its immediate impact may be a slight fall in NPAs but it does spoil credit culture and makes … [Read more...] about View: Is Indian farmer destined to live in destitution and die in debt?
In the Union Budget 2019 Modi government laid its vision to pave a pathway for India to become a USD 5 trillion dollar economy by 2025, which will make India the third-largest economy in the world. In 2013-14, India was the 11th largest economy in the world and today it hold the spot of the 6th largest economy in the world. To achieve the objective of becoming a USD 5 trillion economy by 2024-25, as laid down by the Prime Minister, India needs to sustain a real GDP growth rate of 8%, the Economic Survey has pointed out. … [Read more...] about 50 days of Modi government: How business and economy are shaping
The Prime Minister said that the re-election of his government was not just for continuity but also with a dream of taking India to new heights. "In 2019, the people of India voted not merely for continuity but also with a dream of taking India to new heights. A dream of making India a global leader. The decisions taken in the last one year are directed at fulfilling this dream," he said. Referring to his slogan of 'Sabka Saath, Sabka Vikas, Sabka Vishwas' (together with all, development for all, trust of all), the Prime Minister said, "Today, 130 crore people feel involved and integrated with the development trajectory of the nation. The light of 'Jan Shakti' and 'Rashtra Shakti' has ignited the entire nation. Powered by the mantra of 'Sabka Saath, Sabka Vikas, Sabka Vishwas', India is marching forward in all spheres." He said that in the last one year, some of the decisions were widely discussed and "remain etched in public discourse" and referred to abrogation of Article 370 … [Read more...] about PM Narendra Modi writes to citizens on first anniversary of NDA 2.0 govt, says their affection has given new energy
Prime Minister Narendra Modi on Saturday listed abrogation of Article 370, settlement of the Ram Temple issue, criminalisation of Triple Talaq and the amendment to the Citizenship Act among the key achievements during his second term, asserting that his government's decisions in the last one year were aimed at fulfilling the dream of making India a global leader. … [Read more...] about Art 370 abrogation, Ram temple, CAA: Modi lists achievements of his 2nd term