-The New Indian Express The problem of farmer suicides has assumed a serious proporition. The toll is increasing year after year. According to the National Crime Record Bureau (NCRB), as many as 5,650 farmers committed suicide in India last year. This works out to one farmer suicide in every 100 villages or one farmer suicide in every block in the country last year. State-wise, Maharashtra accounted for the highest number of...
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Farmers’ suicides: CPI(M) outfit organises rally in Delhi on Monday
-The Hindu Business Line New Delhi: All India Kisan Sabha, the farmers’ outfit of CPI (M), has decided to hold a protest of the family members of farmers who committed suicide in the last one year. Families of about 100 farmers, who committed suicide, will sit in front of Parliament to protest the policies of the Narendra Modi Government on Monday. Alarming rise CPI (M) Polit Bureau member and AIKS General Secretary Hannan...
More »Too poor to qualify for loans -Mehboob Jeelani
-The Hindu Banks continue denying loans to low-income groups, insisting on sticking to a standard EMI route even though they are dealing with a complex social issue. In July 2012, Pradeep Kumar, a 36-year-old resident of Ladpur, a shanty town that sits on the north-western periphery of Delhi, applied for an employment loan at the magistrate’s office in Kanjawala district. Under the Pradhan Mantri Rozgar Yojana or PMRY — a funding policy...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Modi government: one year of dismantling the welfare state -Harsh Mander
-Hindustan Times A dominant feature of the first year of Narendra Modi's leadership is the quiet dismantling of India's imperfectly realised framework of welfare and rights, covertly, by stealth. A declared pro-corporate agenda, such as the land acquisition ordinance, proved politically messy and costly. Therefore, the government resorted instead for an enfeebling of the welfare architecture of the country through a combination of fiscal withdrawals, ignoring even legally mandated obligations. But this attracted...
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