ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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SGSY: Need for a Paradigm Shift

An appraisal of the report of the central government committee set up to look into credit-related issues under the Swarnjayanti Gram Swarozgar Yojana.

Two Approaches to Financial Inclusion

Two reports, one exclusively on financial inclusion, under the chairmanship of C Rangarajan and another under the chairmanship of Raghuram G Rajan, were submitted to the government in 2008. Whereas both the reports agree on the diagnosis of exclusion, they differ on the prescription for inclusion. A discussion of the differences, similarities and additional prescriptions.

Banking and Financial Policy: An Independent View

The Independent Commission on Banking and Financial Policy has produced an excellent report that puts the banking and financial policies of India under a microscope. The analysis is not always on the mark but the report needs to be studied and debated in detail.

Microfinance in India

One of the reasons for the lacklustre performance of both public and private sector banks in extending credit to weaker sections is their high level of NPAs. While credit under the Swarnjayanti Gram Swarozgar Yojna scheme across states has been extended in proportion to the poor in the population, this is not so in the case of self help group (SHG) credit that has been growing at the rate of 120 per cent per annum. However, growth in SHG credit has been uneven. The southern states are seen as SHG-developed states while Bihar and Madhya Pradesh are among those characterised as SHG-backward. But besides the SHG model in extending credit to weaker sections, other different models exist for extending microcredit to the poor and weaker sections.

Priority Sector Lending

It was in 1972 that a definition of the priority sector for lending was first made. Following the Narasimham Committee recommendations, there have been moves made to dilute this definition. However, the priority sector appears as nothing more than several diverse items clubbed together. This paper advocates a new approach to priority sector lending, suggesting among other things the reduction of mandatory credit to a larger number of sectors and sections, including marginal farmers, cottage industries, small trade and services and low income housing; incentives to improve credit flow to small-scale industries and food crop agriculture as well as temporary credit to assure credit to new industries and new professions by the non-poor section.

Subsidies, Patents and Market Access in Dunkel Draft

While the fiscal measures recommended in the Dunkel Draft seem to give Indian agriculture a boost in the international market by forcing the developed countries to reduce the subsidy level, the proposals on intellectual property rights wilt make production costlier because of royalty payment to multinationals for genetically engineered seeds and bio-substitutes, thus taking away the advantage given by fiscal measures.

Liberalisation of Automobile Industry Policy and Demand for Commercial Vehicles

and Demand for Commercial Vehicles Rajaram Dasgupta This paper attempts to estimate demand for different categories of commercial vehicles upto the end of this decade. The author contends that the official demand forecasts are exaggerated because the assumptions about growth of traffic on which they are based are unrealistic. In the light of his demand projection, the author argues that the current policies of licensing a number of new units is likely to result in underutilisation of capacity and consequent loss of economies of scale. A preferable policy would be to increase capacity in the existing units would achieve greater efficiency and introduce some competition in the industry.

Nutrition Debate-Statistical Battle or Ideological Conflict

September 7, 1985 ed the debt cancelling proposals of Castro. Latin American diplomats told the New York Times reporter in Havana that Castro "is improving our negotiating position with the banks. He is cornering them with the idea that we are not going to pay. We are going to pay; we should pay. But we can only pay if the rules of the game are changed. We need better conditions. Castro is pressuring for all of us. He is saying things we do not dare say. Perhaps he is helping us find an intermediate position, and we appreciate that." In the process, Castro is being heard all over Latin America and has begun to isolate the US from its Latin neighbours REVIEW IT was a Western myth that the nutrition problem in India was of protein deficiency. This was perhaps because of insignificant presence of animal food either because of poverty or because of taboo in Indian diets. Credit goes to P V Sukhatme for venturing to discard this Western idea. He studied Indian diets and convincingly concluded that calorie deficiency was of much greater concern for Indians.1 Same facts were supported by Gopalan2 for India, and Ghassemi3 for Iran. Then came in 1971 a pioneering work for India by Dandekar and Rath4 linking poverty line with minimum requirement of calories. Calorie became the catchword, and a large volume of literature was written to show increasing or decreasing trend of poverty. Also, this became an important tool for the planning exercise. Importance of other nutrients was ignored, and requirements of calorie were not scientifically derived. It was again Sukhatme who first started an attack on this unscientific use in his Lal Bahadur memorial lecture in 1977.5 He accused others of overestimating the problem of undernutrition. He has later written quite a few articles to prove his case.6 Many others have shared his view7 and many have not.

Nutritional Situation in India-A Statistical Analysis

August 25, 1984 extreme free market position, dealing with malnutrition means understanding and intervening in that process. Thirdly, both kinds of nutritionists are convinced that a change of social values will be necessary before really effective measures will be taken. What is really important is that in most societies groups of people holding to both paradigms co-exist, and that action based on problem perception, policy analysis, and political commitment will generally depend more upon communication between people who share the same general set of perspectives than it will upon the complete 'conversion' of individuals from one whole set of ideological values and theories to another.

Estimation of Nutritional Intakes

Rajaram Dasgupta Until the mid-sixties the nutrition problem was looked upon as one of protein deficiency, mainly the deficiency of quality and animal foods' This Western myth was exploded subsequently by scholars who showed with a wealth of data that calorie deficiency was of much greater concern. In almost all classes, there was no group that was protein deficient but not calorie deficient.

Casting Far and Wide for Poverty

Casting Far and Wide for Poverty Rajaram Dasgupta Poverty an Interdisciplinary Approach, edited by S Sarveswara Rao and V N Deshpande, published for Madras Institute of Development Studies by Somaiya Publications. Bombay, 1982, pp 296.

A Cross-Sectional Analysis of Poverty and Undernutrition in Rural India

A Cross-Sectional Analysis of Poverty and Undernutrition in Rural India Poverty is characterised by low income and consumption. In the rural areas, the causes of poverty have been traced to the unequal distribution of land and assets.
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