-PTI NEW DELHI: India needs to focus on resolution of farm distress rather than Loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said on Tuesday. "First we need to worry about why people are so distressed and angry. There is a lot of agriculture distress. I personally believe that farm Loan waivers are not the answers. But there are other answers," he said when asked about what should...
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ECI stalls Karnataka farm Loan waiver scheme till the end of election process -Sharath S Srivatsa
-The Hindu Decision to stop the scheme for now was based on opinion that unlike other schemes announced in the budget, this scheme entails cash transfer to beneficiaries, “which could sway them weeks before polling.” Bengaluru: The farm Loan waiver scheme of the Janata Dal (Secular)-Congress coalition government has been stalled temporarily by the Election Commission of India after the model code of conduct for the Lok Sabha election came into force. The...
More »Fielding the right incentives -Ashok Gulati and Ritika Juneja
-The Indian Express Income support under PM-Kisan is only one small step. It must be complemented by large-scale reforms in agri-marketing and trade policies. Just ahead of the announcement of the 2019 general election dates, the prime minister launched the centrally sponsored ‘Pradhan Mantri Kisan Samman Nidhi’ (PM-Kisan) scheme of Rs 75,000 crore for small and marginal farm families. On February 24, from Gorakhpur in Uttar Pradesh, he transferred the first...
More »PM Kisan is fine, but raise investment to make farming sustainable -Ashok Gulati & Ritika Juneja
-Financial Express Just ahead of the 2019 general elections dates announcement, the prime minister launched the centrally sponsored ‘Pradhan Mantri Kisan Samman Nidhi’ (PM-Kisan) scheme of Rs 75,000 crore for small and marginal farm families. On February 24, 2019, from Gorakhpur in Uttar Pradesh, he transferred the first installment of Rs 2,000 each (out of `6,000 per annum) into the bank accounts of 1.01 crore farm families, amounting to `2,021 crore....
More »Maharashtra saw 4,500 farmer suicides despite 2017 Loan waiver -Radheshyam Jadhav
-The Hindu Business Line In the last 5 years, 14,034 ryots from the State — 8 a day — have killed themselves Pune: In the last five years (2014-18), Maharashtra saw 14,034 farmers — that’s eight a day — end their lives. In fact, over 4,500 committed suicide after the State announced a ?34,000-crore Loan waiver in June 2017. This information on farmer-suicides over the last five years has come to light from...
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