-AsianAge.com Now farmers have started to awaken the nation to the farming crisis with strikes in Maharashtra and Madhya Pradesh. Indian civilisation is based on gratitude to our farmers and all beings who contribute to our food — annadata sukhibhava. Our traditional belief is “Uttam-kheti, madhyam-vyapar, neech-naukri”. The combination of the Green Revolution in Punjab imposed in the 1960s and the corporate globalisation “reforms” started in the 1990s have created policies for annadata...
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How farm loan waivers can actually benefit the economy -Charan Singh
-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed money for production of...
More »A farm crisis is slowly brewing in Assam - and farmers are staging protests to draw attention to it -Arunabh Saikia
-Scroll.in Farmers complain they do not have any support from the state in terms of irrigation or PRIce guarantees for their cash crops. On the morning of June 17, there was an uproar outside the office of Thaneswar Malakar, the deputy commissioner of Assam’s Barpeta district. Some 50-odd rice farmers, under the banner of the farmers’ organisation Krishak Mukti Sangram Samiti, shouted slogans and demanded to meet Malakar. The farmers were agitated...
More »Telecom to banking, most services to be costlier with GST -Sidhartha & Pankaj Doval
-The Times of India NEW DELHI: For some days now, several service providers — from insurance and banking to telecom and hotels — have been sending emailers to customers warning of a GST-driven increase in PRIces starting July 1. Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit...
More »Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
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