-GoI Monitor The NPAs have risen to Rs 10 lakh crore and farm loans make a very small portion of it. Will the recent RBI actions help? THE RESERVE Bank of India (RBI) has decided to act against 12 big corporates responsible for 25 per cent of the Rs 10 lakh-crore non-performing assets (NPAs) in Indian banks. However, despite Supreme Court's order in 2015, the RBI has refused to make the list...
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Crop insurance and the agrarian crisis in India -Sobhesh Kumar Agarwalla and Samir K Barua
-Livemint.com Crop insurance has failed to provide much-needed relief to farMers from destitution With one farMer committing suicide every half-an-hour, the number of farMers who have ended their lives as per official records in India is estimated at over 300,000 over the past two decades. These numbers do not include suicides by agricultural labourers, though they too are victims of the agrarian crisis. As each death affects at least the immediate family...
More »India Owes a Debt to Its FarMers -Yogendra Yadav
-TheWire.in The Indian farMer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
More »Why are farMers up in arms? Here's a quick priMer to a deepening crisis
-The Economic Times NEW DELHI: FarMers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are Mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a forMer...
More »The best of times, the worst of times -Mihir Shah
-The Hindu Without government support, farMers pay the price for a bumper crop they labour so hard to produce The ongoing farMers’ agitation has taken on a shockingly violent form. Discussion has revolved around an apparent paradox: why are farMers rioting after a bumper crop? But any student of economics knows that prices fall after bumper harvests, which is good for consuMers but terrible for farMers. This is why the government needs...
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