-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The banks have killed the road sector,” he said. “There was a bubble because the banks would...
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Bad risks, fake pesticides stoke Punjab’s worst farm crisis in years -Zia Haq
-Hindustan Times In August this year, whiteflies -- a notorious pest -- bumbled through vast tracts of Punjab’s cotton fields, destroying a sizeable chunk of the crop in the state. These insects, which slurp on juicy, tender bolls, seemed to have inflicted heavy losses, sparking a serious farm crisis in India’s agricultural powerhouse in a decade. A back-to-back drought meant farmers grew more cotton, a hardy crop that requires less water to...
More »Beef-ban issue hits Rs 2,500 crore cow-breeding business in Punjab
-PTI CHANDIGARH: The raging controversy over cow slaughter has hit the Rs 2,500 crore business of breeding cows in Punjab with dairy farmers accusing the state's Gau Sewa Commission of "harassing" them by "inordinately" delaying the necessary permission for export of bovines to other states. Dairy farmers under the banner of Punjab Progressive Dairy Farmers' Association alleged that the "inordinate" delay in getting the necessary permission from district authorities for export of...
More »Uttar Pradesh, India’s Communal Tinderbox -Abheet Singh Sethi
-IndiaSpend.org/TheWire.in Uttar Pradesh accounted for a fifth of all religious conflicts–or “communal incidents”, as they are officially called–in India between 2010 and 2014, according to data tabled in the Lok Sabha. As many as 703 religious conflicts were reported in Uttar Pradesh (UP) during the past five years, leading to 176 deaths and 2007 injuries, the highest in India. The first six months of 2015 saw 68 such incidents in UP, India’s...
More »Food prices to remain lower for longer, says FAO report -Deepanwita Niyogi
-Down to Earth Reasons behind the trend include high inventory levels, lower oil prices and renewed strength of the US dollar The Food Outlook report released on Thursday states that agricultural commodities are going through a period of lower prices and less volatility. After dramatic price rise from 2007 till early 2011, cereal and vegetable oil prices are now steady as well as on the decline, the biannual publication of the Food...
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