-Hindustan Times The picture of rural Indian life today that emerges from what is probably the world's largest study ever of household deprivation is sobering and sombre. It describes a massive hinterland still imprisoned in persisting endemic impoverishment, want, illiteracy and indeed hopelessness. It tells a story that every thinking and caring Indian must heed. Advocates of free markets, opposed to building a welfare state, have long argued that accelerated market-led economic...
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Land pooling policy stuck because of confusion over classification -Mallica Joshi
-Hindustan Times New Delhi: While the Delhi Development Authority notified the Land Pooling Policy a month ago after years of waiting, the project cannot proceed further unless Delhi government classifies the identified agricultural lands as ‘urbanisable’. The DDA had notified the policy in May, and was looking to start registration of lands in 89 villages for pooling by August. The matter then went to the Delhi government for consideration, and the DDA...
More »How loan sharks pull poor farmers into a debt trap -Naheed Ataulla & Anand J
-The Times of India As crops fail, banks don't deliver and the government falters, Mandya's farmers find themselves at the mercy of unscrupulous moneylenders Chenne Gowda has a Rs. 4 lakh albatross around his neck. The 55-year-old sugarcane farmer from Chikka maralli village in Pan davapura taluk, Mandya district, took the loan from private moneylenders but has no idea how he'll repay. His crop, on two acres, is wilting in the field...
More »Properly used, Jan Dhan Yojna could lessen farmers' suicides
-Hindustan Times For a country that is set to be ranked among the world’s top five economies over the next decade, India cannot afford to be counted as a home for impoverished farmers who are ending their lives because they do not have the money to return loans as small as Rs 10,000. According to the National Crime Records Bureau (NCRB) data, 5,650 farmers committed suicide in India last year. Bankruptcy and...
More »A subsidy and some questions
-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...
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