-Livemint.com Farm loan waivers will strain the finances of states, and harm both farmers and banks over the long run In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation. How much of an impact will...
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Think beyond loan waivers -Ramesh Chand & SK Srivastava
-The Hindu Strengthening the repayment capacity of farmers by improving and stabilising their income is the only way to keep them out of distress Indian agriculture is characterised by low scale and low productivity. About 85% of the operational landholdings in the country are below 5 acres and 67% farm households survive on an average landholding of one acre. More than half of the area under cultivation does not have access to...
More »Small Farmers of Latur, of 'Water Train' Infamy, Doubt New Loan-Waiver Scheme Will Help -Nidhi Jamwal
-TheWire.in The Maharashtra government’s Rs 34,000-crore farm loan waiver may not provide much relief to small and marginal farmers in Marathwada, who are caught in the debt trap of private moneylenders. Latur: Venkat Balbim Bhise, a farmer who owns three acres of land in Bisewagholi village, in Maharashtra’s Latur district, is in his early thirties. But anger bordering on fatalism is writ large over his weary face. Venkat owes almost Rs 3.5...
More »Crisis looms as 20 Karnataka districts receive less rain -Chethan Kumar
-The Times of India BENGALURU: Karnataka has seen a poor monsoon so far, with two districts in the Cauvery basin receiving scanty rain. In 18 other districts, including Bengaluru Urban and Rural, it has been deficient. This makes the next 20 days crucial as they will decide whether the state can escape another drought year. On Monday, farmers from Halebudanuru village in Mandya district held a meeting with government officials demanding that...
More »Stop Banks From Humiliating Farmers, Supreme Court Tells Tamil Nadu -A Vaidyanathan and Shylaja Varma
-NDTV The Supreme Court asked the Tamil Nadu government to install a process by which farmers can report misbehavior by bank officials while trying to make them pay up. New Delhi: The government's job is to prevent farmers from committing suicide and not distribute compensation after they have died, the Supreme Court told Tamil Nadu in strong words today, asking it to ensure that no coercive action is taken against...
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