-Scroll.in In the last ten years, Tamil Nadu has seen households' Debt go out of control. Why? G Venkatasubramanian trots out some astonishing numbers. Over the last 15 years, he and his fellow researchers at Pondicherry's French Institute have been studying Debt bondage among families in 20 villages in Tamil Nadu. Half of these settlements are in the coastal district of Cuddalore, and the others are in the adjoining district of Villupuram. Their study...
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Young Punjab farmers wilt in agrarian crisis -Vikas Vasudeva
-The Hindu 48 % of all farmers’ suicides were of those below 35 while it was 57 % for agricultural labourers, says study. A recent study by the Indian Council for Social Science Research of the growing number of farmers’ suicides in Punjab has revealed that the agrarian crisis is hitting farmers and labourers below the age of 35 the hardest. “Nearly 48.6 per cent of farmers who have committed suicide in Punjab...
More »In drought-hit Saurashtra, poor internet network can often mean no food rations -Aarefa Johari
-Scroll.in In this parched region of Gujarat, cattle are either starving to death or have been abandoned. Two months ago, Bhimabhai Chhaiya made a hopeful trip to the government ration shop near his village of Sumri in Gujarat’s Jamnagar district. After three consecutive years of poor rainfall, the cotton farmer was heavily in Debt. Food prices, meanwhile, seemed to be at an all-time high. Wheat, which had cost Rs 20 to Rs 25...
More »Lax norms linked to banking fraud: CAG
-The Times of India NEW DELHI: Blaming weaknesses in the regulatory system as being the reason behind the rising cases of financial sector fraud, comptroller and auditor general (CAG) Shashi Kant Sharma on Friday drew attention to huge non-performing assets (NPAs) of public sector banks, a significant part of which could have been fraudulently obtained as advances by Debtors and transferred abroad, from where they may never be recovered. The CAG also...
More »Parched Land. Farmer Suicides. Forced Migration: Drought Is Crippling Rural India -Vivek Singh
-HuffingtonPost.com In Bundelkhand, people struggle for every drop of water they can find. TIKAMGARH DISTRICT: For years, Lakshman Pal, 28, planted wheat and tended to his small field here. Each season, he hoped for rain. He looked up at the sky and waited for the showers that normally came. But for the past two years, they’ve hardly come at all. His crops eventually withered and died, crumbling to dust. In early May, Pal...
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