-The Hindu With no takers for their produce, bengal gram Farmers are caught between losses and auction notices issued by banks for loan recovery VIJAYAWADA (Andhra Pradesh): The cold storages in Andhra Pradesh are full to the brim with bengal gram stocks, with the Farmers finding no takers for the produce. Close to 17.23 lakh quintals of bengal gram, mostly Kabul variety, is lying in cold storages as there is no remunerative...
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Farmers rue delay in cash deposit in banks
-Deccan Chronicle Hyderabad: The undue delay in remitting the first installment of loan waiver amount to banks by the Telangana state government has resulted in Farmers across the state losing crop insurance benefit for the ongoing kharif season. Reports from Telangana districts confirm that the government did not remit the amount that was promised by it to banks by September 30, the last day for the banks to make adjustments of...
More »Banks Finally Give ‘Debt Relief’ to AP Government
-The New Indian Express HYDERABAD: In a much-awaited relief to the cash-starved Andhra Pradesh government, the State Level Bankers' Committee (SLBC) on Tuesday reportedly agreed to accept its offer of upfront payment of 20 per cent outstanding crop loans of eligible Farmers. The SLBC has constituted a sub-committee to look into proposals made by the Andhra Pradesh government on the modalities of crop loan waiver scheme and after a thorough discussion, finally...
More »Groundwater reserves dwindle to critical level amid rampant extraction -Akash Vashishtha
-India Today Groundwater is being extracted in Delhi, Haryana, Punjab and Rajasthan at a rate faster than it's replenished, according to the latest report of the Central Ground Water Board (CGWB). The status of groundwater extraction - the proportion of water drawn out to annual recharge - in Delhi and the three states is more than 100 per cent. In Gujarat, Tamil Nadu, Uttar Pradesh, Lakshwadeep, Pondicherry and Daman and Diu, the...
More »Grim tales of agrarian distress -R Avadhani
-The Hindu Sangareddy (Telengana): As many as 44 Farmers have committed suicides in the last few months in Medak district after taking loans from private financiers Rachaboyina Balagoud was 55 years and belonged to Mylaram village in Wargal mandal. He had about one-and-a-half acres of land. He took loans to the tune of Rs. 12 lakh from various sources, including banks, and a private financer. He had sunk as many as 12...
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