-The Telegraph Singur, the potato bowl of Bengal, appears to have landed in trouble again. Not on account of unwilling farmers grieving over their lost assets, but on account of overproduction by the ones who didn't lose their land. Excess supply of the crop has pulled down prices, leading indebted farmers to slither down the precipice. According to media reports, matters have come to a dismal pass, with a section of...
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200 farmers committed suicide in Marathwada, says official
-PTI AURANGABAD: The total number of farmers who committed suicide during the last three months in the eight districts of Marathwada region has crossed 200, official sources said here today. The main reason behind taking the extreme step is bankruptcy due to loans which cannot be repayed due to crops destroyed by natural calamities. Notably, last year, 510 farmers ended their lives. As of 2015, families of 105 farmers who ended their lives,...
More »PM launches Mudra bank to ‘fund the unfunded’ small entrepreneurs
-Hindustan Times Prime Minister Narendra Modi on Wednesday launched the Mudra bank which will provide loans of up to Rs 10 lakh to small entrepreneurs including shopkeepers and beauty parlour owners, hoping that it will promote growth and create jobs. Short for Micro Units Development and Refinance Agency Bank, the financial institution will act as a regulator for micro-finance institutions (MFIs). Mudra Bank will have a corpus of Rs 20,000 crore, Modi said...
More »How to get ourselves a better land law -Sanjoy Chakravorty
-The Hindu Business Line The Congress law and the BJP's amended version both fail to address the lack of transparency in property deals A toxic mix of hypocrisy, amnesia, opportunism, ignorance, and paternalism has led to a mess on the land acquisition legislation. It seems certain that whatever law we end up with is going to be bad law. It will not serve the primary purpose of any eminent domain law -...
More »A lesson on land acquisition -CP Chandrasekhar
-The Hindu The parliamentary stand off over the Indian government's effort to ease procedures to acquire land for "public purposes" continues, with the government deciding to re-promulgate the ordinance amending the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. Besides concern about the impact that this would have on the farming community and those dependent on it, another cause for the controversy is the...
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