-The Hindu Too much of public discourse on farmer suicides could bring on unseemly haggling over the numbers. Activists and the media rightly question loopholes in the National Crime Records Bureau data, pointing out that several State governments often report no farm suicides, contrary to local media reportage. However, there is also much needless suspicion and conspiracy-theorising; the NCRB’s data are from police station-level First Information Reports, and FIRs are often...
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How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »Socio Economic Caste Census: Has It Ignored Too Many Poor Households? -NC Saxena
-Economic and Political Weekly A survey to identify who the poor are and how many are actually poor is necessary if programmes and benefits targeted at the needy are to reach them. The Socio Economic Caste Census, of which partial results have been published, was intended to do this. Yet, even a cursory look at the figures indicates that they call for a willing suspension of disbelief. N C Saxena (naresh.saxena@gmail.com) was...
More »Properly used, Jan Dhan Yojna could lessen farmers' suicides
-Hindustan Times For a country that is set to be ranked among the world’s top five economies over the next decade, India cannot afford to be counted as a home for impoverished farmers who are ending their lives because they do not have the money to return loans as small as Rs 10,000. According to the National Crime Records Bureau (NCRB) data, 5,650 farmers committed suicide in India last year. Bankruptcy and...
More »A subsidy and some questions
-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
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