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Cabinet likely approves PM Dhan Dhanya Krishi Yojana

Cabinet likely approves PM Dhan Dhanya Krishi Yojana

Time of India6 days ago
The Union
Cabinet
is likely to have approved the Prime Minister Dhan Dhanya Krishi Yojana on Wednesday, according to sources cited by ET NOW.
The agricultural scheme was first announced by Finance Minister
Nirmala Sitharaman
during the Union Budget 2025–26.
"Through the convergence of existing schemes and specialized measures, the programme will cover 100 districts with low productivity, moderate crop intensity and below-average credit parameters," the finance minister had announced during the budget.
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by Taboola
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The programme aims to enhance agricultural productivity, adopt crop diversification and sustainable agriculture practices. As per the government estimates, the programme is likely to help 1.7 crore farmers.
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VS, the Left conscience keeper
VS, the Left conscience keeper

Time of India

time29 minutes ago

  • Time of India

VS, the Left conscience keeper

How will history remember V S Achuthanandan, a lifelong communist whose legacy refuses to be confined to a single frame? Having been ideologically associated with him for many years, I believe he should be remembered not just as one of the founding members of CPM or as a popular leader who rose to the position of chief minister despite facing significant challenges from his own party. More importantly, he was someone who championed a new kind of Left politics in the era of economic liberalisation and proved that an alternative politics, rooted in people's issues, was not only necessary but entirely possible. VS recognised early on that the communist party had to evolve to stay relevant. His politics became an amalgam of concerns such as feminism, environmentalism, land rights and equity. Despite being a prominent leader, VS didn't become a mass figure like EMS Nambudiripad and A K Gopalan until the late 1990s. His life can be divided into distinct stages, each shaped by the turbulence of his political career. In his early years, VS was an uncompromising militant communist activist. He was part of the Punnapra-Vayalar uprising, Kerala 's only armed struggle by communist party, when he went underground, courted arrest and endured torture. These early struggles were common to the generation that laid the foundation of the communist party in the state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo W hen the first Communist govt came into being in 1957 and the split that led to CPM's formation in 1964, VS donned key leadership roles. Until 1996, he remained a disciplined, uncompromising organisational man. His political style was radical, often militant, which is why he chose to be with the CPM while numerous leaders he previously associated with stayed with CPI, seen back then more as a centrist organisation. VS's legacy can be compared to that of P Krishna Pillai. Like Pillai, VS stood apart — a lone tusker, as we often said. EMS was a tall leader, under whose shadow many leaders preferred to stay but VS was distinct. What I have observed is that at each of the party meetings involving EMS and VS, they always sat seats apart and never near each other. It was perhaps due to their own distinct opinions on issues. In 1996, the state committee selected VS as the CM candidate, which was approved by the central leadership. But he lost from Mararikkulam, a result many of us believe was engineered by sections within the party. Despite the setback, the turning point in VS's public image had arrived. The man who had operated within the party's rigid structures began to reinvent himself. He started addressing people's issues — women's rights, environmental degradation and agrarian distress — with new intensity. His campaign to preserve Kerala's paddy fields — protesting the shift to cash crops like coconut — was visionary. Looking back, many of his warnings have proved accurate. But this transformation earned him the label of a 'revisionist' within the party. As opposition leader after the 2001 defeat, VS delivered a performance unparalleled in modern Kerala politics. He brought critical issues to the assembly — rape cases, land encroachments, environmental destruction — and toured the state relentlessly, rain or shine. For many environmental activists, he became the final hope, someone who would listen, take notes and act. VS also mastered the new media landscape. He became a favourite of the press, regularly engaging with television journalists and presenting his version of a rejuvenated Left agenda. His popularity soared. In 2006, as chief minister, VS stayed true to his convictions. From removing encroachments on MG Road in Kochi to taking on illegal plantations in Munnar — even when it meant challenging CPI offices — he never backed down. His boldness stood in sharp contrast to then state secretary Pinarayi Vijayan, who increasingly aligned with corporate interests. Though he withdrew from public life due to age-related ailments, VS's influence remained. The continued resistance to projects like K-Rail can be traced back to his groundwork. As chief minister, he ensured that public support remained at the heart of governance, making him one of Kerala's most loved leaders. The chant "Kanne Karale VS-ey" was more than a slogan — it was a people's tribute. But there was disillusionment too. Between 2011 and 2016, VS contemplated leaving the party several times. He was deeply troubled by what he saw as rightward shifts under Vijayan. "The party is moving away from its communist roots," he would say. Although age stopped him from forming a new party, the idea of an alternative Left never left him. VS's life is not just the story of a political leader but of a relentless fighter who kept reinventing himself to stay true to the people. He stood firm when the party faltered, listened when others silenced and led when leadership mattered most. (Writer is a poet and a Left fellow traveller)

US staring at another 2008-like housing bubble crash? Trends show rising housing and rental crisis
US staring at another 2008-like housing bubble crash? Trends show rising housing and rental crisis

Time of India

time30 minutes ago

  • Time of India

US staring at another 2008-like housing bubble crash? Trends show rising housing and rental crisis

The American housing market is flashing serious warning signs. With mortgage rates climbing, home prices cooling in key metro areas, and rental housing out of reach for millions, real estate experts and analysts are drawing unsettling parallels to the catastrophic 2008 subprime mortgage crisis . While today's market is fundamentally different, the growing affordability crunch, inventory glut, and stress on homeowners could lead to severe consequences if left unchecked. Explore courses from Top Institutes in Select a Course Category Public Policy Data Science MBA Healthcare Design Thinking Data Analytics CXO Finance Management Artificial Intelligence Leadership healthcare Project Management Product Management Data Science MCA Degree Technology Operations Management Others Digital Marketing Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details What's happening in 2025 According to July 12, 2025 Weekly Housing Trends Report, homes in several metropolitan areas are sitting longer on the market. Miami has become one of the slowest housing markets in the U.S. with a median 83 days on market, more than double the time compared to the same period last year. Other cities like Orlando, Tampa, and New Orleans are also witnessing a steep decline in sales pace. What's most telling is the sharp year-over-year inventory rise in pandemic-fueled boomtowns, with builders and sellers outpacing available buyers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bargain Prices on Unsold Container Houses in Cebu - Check Them Out! Shipping Container Homes | Search Ads Search Now Housing affordability is at a generational low. Mortgage rates, which were around 2.99% in mid-2021, are now hovering around 6.82% as of July 2025. Pair this with home prices that have surged by over 45% since 2020, and it's no surprise that many first-time buyers are locked out of the market. The number of new home sales fell to a three-decade low this spring, while pending home cancellations hit a record 15% just in May, according to clear signal of rising buyer hesitation and financial strain. As home prices have continued to rise—the average U.S. home now costing $355,328, up 2.7% in just one year. Data from the National Association of Home Builders shows that only 43% of U.S. households can now afford a $300,000 home, leaving nearly 76.4 million households priced out. Live Events The crisis isn't just in homeownership. A recent in-depth report by The Daily Upside highlights a more severe shortage on the rental side. The U.S. now faces a shortfall of over 7.1 million affordable rental units. Only 35 units are available for every 100 extremely low-income renter households, forcing a staggering 75% of these renters to spend more than half of their income on rent. This housing stress is contributing directly to America's growing homelessness problem, which saw its biggest spike last year since the Great Recession . Adding further complexity is the over-supply in some markets and under-building in others. Pandemic-era construction booms in southern states like Florida and Texas have now turned into oversupply risks, while urban centers continue to face huge housing deficits. Housing starts have dropped 10% year-over-year, and builder sentiment is at its lowest since 2012. Some even point to speculative behavior in tech-driven areas, citing factors like investor hype and erratic crypto wealth—fueled by influencers like Elon Musk and the Dogecoin trend—as distorting local housing markets during 2021–2022. Now, many of those same areas are suffering steep corrections, mirroring the fallout from tech-centric housing markets during the 2008 crash. Looking back: What happened in 2008? The 2008 financial crisis started when banks gave risky home loans to people with poor credit—known as 'subprime borrowers.' These loans were packaged into complicated financial products and sold to investors around the world. When people started defaulting on their mortgages, the value of those investments crashed. This led to a wave of foreclosures, bank failures, and a global financial meltdown. Millions of people lost their homes, and the U.S. went into the worst economic downturn since the Great Depression. So is the US truly headed for another crash? Most experts agree the lending standards today are stronger than they were in 2006–08, which could prevent a full-scale housing market collapse. However, the 'slow squeeze' of high costs, stagnating wages, and frozen market activity could trigger deep pain for specific regional economies. The cocktail of delayed home purchases, rising multi-generational housing, unaffordable rents, and increased mortgage stress could easily spill over into broader financial instability. As national housing data continues to trend downward and rental shortages grow more severe, policymakers and investors alike are watching closely.

India's sustained economic growth positions it as global stability anchor: NITI Aayog VC
India's sustained economic growth positions it as global stability anchor: NITI Aayog VC

Time of India

time30 minutes ago

  • Time of India

India's sustained economic growth positions it as global stability anchor: NITI Aayog VC

India's sustained economic growth makes it an "anchor of stability" for the world, which needs new engines of growth and development models that can be scaled and shared, Vice Chairman of NITI Aayog Suman Bery has said. Bery addressed the ministerial segment of the High Level Political Forum for Sustainable Development Goals at UN Headquarters on Monday. Explore courses from Top Institutes in Select a Course Category Operations Management Cybersecurity Public Policy Leadership Data Analytics Project Management Degree Digital Marketing Others Data Science healthcare Artificial Intelligence MBA MCA Healthcare Data Science Product Management Design Thinking Finance Management CXO others Technology PGDM Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details He said the world is navigating a period of significant economic shifts and uncertainty, which makes the international community's collective work on Sustainable Development Goals more critical than ever. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo "The world needs anchors of stability, new engines of growth and development models that can be scaled and shared. India, with its unique strengths and experience, is ready and willing to offer all three. He underscored that India's sustained economic growth makes it an "anchor of stability" for the global community and an example of what is possible. Live Events In an era of flux, India stands out as a vibrant democracy with steadily improving socio-economic indicators enabled by inclusive digital technologies, principled reforms and a focus on empowering all segments of society, Bery said. Further, he said that India is committed to catalysing change across the Global South. "India's development journey, marked by scale, speed and stability, offers a credible and replicable pathway for fellow developing countries," Bery said. Addressing the international community from the UNGA podium, Bery said 248 million Indians are estimated to have escaped poverty in the decade between 2013-14 and 2022-23. With India today being home to the world's largest cohort of youth entering employment, the country is committed to making sure that they have a bright and productive future. "India's journey demonstrates that inclusive and sustainable development is both possible and scalable," Bery said. India has extended concessional finance, technology partnerships and capacity building support across developing countries, including solar energy infrastructure and digital governance tools. With the UN marking 80 years of existence, Bery said India reaffirms its belief in the UN as the cornerstone of multilateralism. "The UN must continue to serve as a catalyst for inclusive and sustainable development. India supports a more representative and effective UN system that reflects contemporary realities and empowers all nations to shape our shared future," he said. UN Secretary General Antonio Guterres, in remarks to the High-level Political Forum, said the international community is meeting at the forum against the backdrop of global conflicts that are pushing the Sustainable Development Goals further out of reach. He sounded an alarm over the slowing global economy, rising trade tensions, growing inequalities and aid budgets being decimated while military spending soars. "And mistrust, division and outright conflicts are placing the international problem-solving system under unprecedented strain. We cannot sugarcoat these facts. But we must not surrender to them either. The SDGs are still within reach -- if we act with urgency and ambition," Guterres said.

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