-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
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From famines to food security -Zia Haq
-The Hindustan Times In 2009, when India faced its worst drought in three decades, the country managed to produce a million more tonne of foodgrains than it did in 2007, a normal year. That's both an achievement and a failure. It's not enough to grow more food - as India has been able to do - but to distribute it well, which the country hasn't accomplished. The UPA's flagship food security bill...
More »31 of 32 districts in Tamil Nadu drought-hit: J Jayalalithaa
-The Times of India CHENNAI: Chief minister J Jayalalithaa on Friday declared that all districts of Tamil Nadu, except Chennai, were drought-hit. After a disastrous monsoon and with Karnataka proving intractable on release of Cauvery water, experts said the CM's statement appeared calculated to buttress the state's case in court for immediate relief. But Jayalalithaa injected the declaration with a sense of urgency, saying finance minister O Paneerselvam would lead a high-level team...
More »Foodgrain Output to Fall by 3.5% Due to Drought
-Outlook Country's foodgrain production is estimated to decline by 3.5 per cent to 250.14 million tonne in 2012-13 crop year as poor rains have hit rice and coarse cereal crops, but the government said the output will be enough to meet the demand. The foodgrain production was a record 259.32 million tonne in 2011-12 crop year (July-June). "We had produced about 260 million tonne foodgrains last year. This year, we have crossed 250...
More »On the waterfront -Anil Sasi
-The Indian Express The national water framework law proposed by the Union government could not be more timely. Even as the onerous task of persuading state governments to accept the idea remains unfinished, the proposed framework, as an overarching statement of general principles that lays down the broad contours within which the Centre, the states and the local bodies can exercise their respective powers on exploiting water, is a comprehensive step...
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