In 2015-16 Union Budget, the government enhanced credit target for farm sector by Rs 50,000 crore to Rs 8.5 lakh crore. This was in line with a common perception that farm credit translates into the growth of the national economy. Statistically this might be unfounded, however it is undeniable that the farm sector that constitutes the core of the economy needs to be in focus of banks and other financial institutions.
India's Growth Resurgence: Sectoral Issues and Governance Risks, jointly authored by Yerram Raju, M Sitarama Murthy and Subbaiah Singala looks into detail on the frontal sectoral issues and governance risks, India is facing as a leading emerging economy.
Most often, Mihir Sharma speaks his mind in his columns in Business Standard (earlier in Indian Express) - this is good trait actually of him being a journalist. In fact, his maiden book Restart: The Last Chance for Indian Economy is a good read in parts where he retains his natural expression. However, it also makes his work, more an extension of journalistic writings rather than wearing the actual seriousness, required to delve with the issues of economic policies and pure economics.
George Orwell had written his supremely brilliant novel Nineteen Eighty-Four or 1984 to unleash the real face of an imagined state, full with absolute power.He depicted the tyranny through a personified cult 'Big Brother', who as a quasi-divine party leader unwaveringly enjoys 'intense cult of personality'.
Sorry to hear of Vinod Mehta's passing, a prolific journalist with unwavering convictions. Through reading his columns/books, and knowing him in person for years, I found him full with life. In the quick succession, he came out with the two books: 'Lucknow Boy' and 'Editor Unplugged' - both of autobiographical nature, to clear the mist around his personal and professional life. I read both these in real times.
Welfare measures are not freebie. Hence, the policy culture must keep an effective balance between passion and compassion, to make the impact of underlying much more robust than in the sloganeering confine of 'greater common goods'.
According to the latest survey report of the National Sample Survey Organisation (NSSO), around a third of rural households and one-fourth of urban ones in India are indebted. Strikingly, the indebtedness spiked between 2002 and 2012 - where the average amount as loan for each family jumped seven times in cities and over four times in rural areas.
Seasoned journalist Rajdeep Sardesai's 2014:The Election that Changed India is compiled to give the perspective and remedial thoughts, how elections in India are now much more complex than the conventional tussle of ballets.