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

Articles by Ram Pratap GuptaSubscribe to Ram Pratap Gupta

Chambal Valley Development Project: Unequal Distribution of Gains

There has been an unequal distribution of the net gains between Madhya Pradesh and Rajasthan from the Chambal Valley Development Project. Among other things, the restrictions on harvesting of surface water in the catchment area of the Gandhi Sagar dam have resulted in huge ecological and social costs to the people of Malwa region in the state. The share of Rajasthan in the net available water from the project is far greater than the water utilised by MP. Since the latter is unable to utilise more water in its area, it should be allowed to utilise its share in the catchment area of Gandhi Sagar.

Rainfall and Run-Off

Ecological changes in the catchment area of the Gandhi Sagar Dam have led not only to changes in the quantum and pattern of rainfall, but also its relationship with the run-off in the reservoir. Erratic water flows have rendered the dam unsafe and arrangements for surplus storage insufficient.

How Safe Is Gandhisagar Dam

Ram Pratap Gupta dirtying their hands with the business of development.
CONCLUDING COMMENTS The primordial problem facing PSBs today is that they have become dysfunctional due in part to the lending fatigue and in part to the flawed public debt policy, PSBs are investing a disproportionately large size of their resources in government securities well above the stipulated SLR requirements. This has led to sub-optimal use of the banking sector's resources, crowding out productive sectors; and it has also tended to promote fiscal profligacy. While liquidity accumulates with the banking system, productive sectors stagnate, starved of credit. Although the BSR report has failed to diagnose this malaise, RBI would do well to address this issue on a first priority basis. All other recommendations of the BSR report embodying the second dose of reforms, patterned on the Washington Basle models, would be rendered ineffective, if this fundamental problem is not tackled first. Granting of autonomy to individual banks, distancing the bureaucracy from the management of PSBs, improving the work ethic in banks and motivating the staff- these should form the essential components of the reform package. The somnolent rural credit delivery system needs to be overhauled. The growth ingredient should be reintroduced in the algorithm of utilisation of the banking sector's resources. PSBs should reinvent themselves by dirtying their hands with the business of development, by lending credit support aggressively to the high growth segments of the economy. Addressing these core issues, which have become systemic, alone can ensure the healthy growth of the banking system: not privatisation, nor the accountant's approach of raising capital adequacy ratios, or higher provisioning.

MADHYA PRADESH-Mismanagement of Fisheries Development

on Chambal river in 1960, with a reservoir of 22,500 sq km, high hopes were generated among the fisher folk of the area. The high potential offish production in the reservoir was expected to raise employment and income levels to new heights. After experimenting with different types of organisations for managing production and marketing of fish, this responsibility was handed over by the government to the Madhya Pradesh Fish Development Corporation (MPFDC) a public sector enterprise. Now, 14 years after the reservoir was created the fishermen of the area are a disappointed lot; all their hopes of higher levels of employment and income have been shattered to pieces and their share in the sales proceeds of fish has been extremely low.

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