The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...
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The sorrow of Majuli by Sangeeta Barooah Pisharoty
River Brahmaputra has eaten more than half of Asia's largest riverine island Majuli over the last 60 years. With land disappearing, there is progressive loss of the traditional means of livelihood of its people, leading to their displacement. Some lately are migrating even as far away as Andhra Pradesh, finds out Sangeeta Barooah Pisharoty after a visit. Farmer Sridhar Bora stops mid-way as he brings down his axe on a tree...
More »Food as people's right by MS Swaminathan
This is the season to count blessings. India's greatest blessings are its adherence to the democratic system of governance, an independent judiciary, a free and fearless media, and an Election Commission that inspires confidence. I hope that soon India will have an independent and effective Lokpal, which will pave the way for a corruption-free India, a pre-requisite for a hunger-free India. The other major paradigm shift observed in recent years is...
More »This NGO fights for farmers' rights by Nandhu Sundaram
Ajay Vir Jakhar is the chairman of Bharat Krishak Samaj, a prominent forum for farmers. Over the years, his group has fought for everything from better NREGA to a better Right to Food Act. When he speaks about farmers, his demeanour is one of an impassioned pleader for their rights. In an exclusive interview with The Times of India, he spoke about how NREGS could be modified to make it...
More »Youth Cong bats for FDI in retail by Sanjay K Jha
The Youth Congress has a question: why can some company not buy the potatoes that Punjab’s farmers are throwing on the streets and sell them in Kerala where the crop’s price is as high as Rs 18 a kg? The answer, for the outfit being groomed under the guidance of Rahul Gandhi, is foreign direct investment (FDI) in retail. That’s the message from the monthly Youth Congress newsletter, which has now been...
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