-The Times of India NEW DELHI: National Bank for Agriculture and Rural Development (Nabard) on Thursday got an accreditation from the Green Climate Fund (GCF) - a global multilateral fund that is meant to assist developing and poor countries in taking up their respective mitigation and adaptation measures to fight climate change. Accreditation to the Nabard, means that the national financial institution will act as a channel through which the GCF will...
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Is Bihar in midst of second green revolution? -Mayank Mishra
-Business Standard Patna/Nalanda: Baldev Prasad Mandal, a native of Painathi panchayat in Bihar's Patna district, sold 250 quintals of rice to the village-based primary agriculture credit societies (PACS), an agency responsible for procuring foodgrain directly from farmers at the rate of Rs 1,660 a quintal in March this year. Even as the new kharif season is about to begin, Mandal is one of the many farmers in the state who are...
More »Think tank report hints at diversion of cheap farm loans -Puja Mehra
-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
More »Cutting the Food Act to the bone -Biraj Patnaik
-The Hindu Two years after vociferously arguing for an expansion of the provisions of the National Food Security Act, the BJP in government is bleeding it with a thousand cuts, both fiscal and otherwise When Parliament passed the National Food Security Act (NFSA) in 2013, it had already become one of the most debated pieces of legislation in decades. Those for and against it had fought it out across yards of space...
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,...
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