-The Economic Times MUMBAI: What has made the Maharashtra farmer hit the streets, dump his produce and even attack suppliers? A combination of weather, unscrupulous middlemen and lack of discretion on crop seems to have wreaked havoc on their lives. Rainfall in Maharashtra has been deficient in 2011 and the situation turned worse leading to a severe drought till 2015. In 2016, farmers got relief with normal rains, when they got back...
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Devendra Fadnavis waives farm Loans of Rs 30,000 crore, but protests spread -Shubhangi Khapre & Parthasarathi Biswas
-The Indian Express Devendra Fadnavis said, “The loan waiver, which will come into force by October 31, 2017, will be restricted to small and marginal farmers with land holdings of five acres.” Pune: In the face of spiralling protests across Maharashtra, Chief Minister Devendra Fadnavis on Saturday announced a farm loan waiver of Rs 30,000 crore, the biggest such write-off for farmers in the state. But by afternoon, it was clear that...
More »Indigenous community in Dang fights for land rights -Gajanan Khergamker
-VillageSquare.in The people of Navagam village in Dang district of Gujarat have said they would boycott upcoming assembly polls if the government does not resolve the long pending issue of land and house titles Dang (Gujarat): The 1,300 residents of Navagam village in Gujarat’s Dang district, an ethnic people living adjacent to Saputara, the state’s only hill station, are up in arms over their demand for land and rights in an area...
More »Shame of unpaid debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay Loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in debt: narratives of agrarian distress and farmer suicides”, conducted by researchers at Shiv Nadar...
More »Auditor Extraordinaire: The Curious Case of NPA Underreporting in India -Hemindra Hazari
-TheWire.in At Axis Bank and Yes Bank, it appears that a single auditor of a member firm of Ernst and Young has overlooked gross NPAs of a staggering Rs 13,655 crore. Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI) findings regarding bad Loans on the...
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