-Outlook Mumbai: Asking micro-lenders to look at only a "reasonable profit" to sustain their business while serving borrowers at the bottom of pyramid, RBI Governor Raghuram Rajan has said that one should not think of making a fortune while serving poorest of the poor. The comments come in sharp contrast to management guru late CK Prahalad's views in his book The Fortune at the Bottom of the Pyramid. The concept of the fortune...
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In village of first farmer suicide, time stands still -Shailendra Paranjpe
-DNA Yavatmal (Maharashtra): As another election approaches Bothbodan village near Yavatmal tries to confront its own grim future. Two elections have gone by after Vinod Rathod, a cotton farmer in the village committed suicide on January 25, 2003. It was one of the first farmer suicides in the region that sparked off a fate of such suicides which have continued to shock the country and reflects the sorry state of cotton farmers...
More »Gruelling gram -GVR Subba Rao
-The Hindu With no takers for their produce, bengal gram farmers are caught between losses and auction notices issued by banks for Loan recovery VIJAYAWADA (Andhra Pradesh): The cold storages in Andhra Pradesh are full to the brim with bengal gram stocks, with the farmers finding no takers for the produce. Close to 17.23 lakh quintals of bengal gram, mostly Kabul variety, is lying in cold storages as there is no remunerative...
More »Banks Finally Give ‘Debt Relief’ to AP Government
-The New Indian Express HYDERABAD: In a much-awaited relief to the cash-starved Andhra Pradesh government, the State Level Bankers' Committee (SLBC) on Tuesday reportedly agreed to accept its offer of upfront payment of 20 per cent outstanding crop loans of eligible farmers. The SLBC has constituted a sub-committee to look into proposals made by the Andhra Pradesh government on the modalities of crop loan waiver scheme and after a thorough discussion, finally...
More »Don’t leave out the small farmer -S Chandramohan
-The Hindu Business Line Whether it is promoting a lease market in land or the use of tractors, credit should be tailored to the needs of marginal players The Finance Minister has announced several measures to make farming competitive and rev up growth in agriculture. While this is welcome, the sector as a whole needs an overhaul to make best use of these measures. To address the needs of landless farmers who are...
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