-TheIndiaForum.in Since 2015, there has been a sharp rise in farmer suicides in Punjab. Farmers in the state borrow large loans at high interest rates; some of which is used for consumption. According to official data, 51% of farmer suicides in Punjab are due to a high level of indebtedness, mostly to institutions. Farmer suicides are back in focus. Media reports suggest that in April 2022 alone 14 Punjab farmers died by...
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What is the financial position of the 5 states described as stressed by RBI? -Tina Edwin
-MoneyControl.com Bihar, Kerala, Punjab, Rajasthan and West Bengal could face a crisis if they fail to curb non-merit expenditure, the central bank has warned A study of fiscal parameters of states by the Reserve Bank of India (RBI) identified Bihar, Kerala, Punjab, Rajasthan and West Bengal as highly stressed due to their high debt levels, the quality of expenditure and the level of fiscal deficit. These states could face a crisis if...
More »Contract farming is yet to make a mark in Punjab; here is why -Nivedita Sharma and Gurpreet Singh
-Down to Earth Suitable policies need to be in place in order to enhance the prospects for contract farming in the state A 52-year-old, better-off farmer from Sehjo Majra in Ludhiana district of Punjab has been practising contract farming for more than 20 years. This farmer contracts with four companies — Pepsico Pvt Ltd, Pagro Foods Ltd, Fieldfresh Foods Pvt Ltd and Sungro Seeds Pvt Ltd. However, his longest association has been with...
More »88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden: Study -Vivek Gupta
-TheWire.in The Panjab Agriculture University study examined deaths by suicide among farmers between 2000 and 2018 in six districts of the state. Chandigarh: As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in the latest edition of Economic and Political Weekly has revealed. The districts surveyed were Sangrur, Bathinda, Ludhiana, Mansa, Moga and Barnala. Heavy debt – most incurred...
More »Diversify crops, shift rice to places that can support it: Central panel -Shagun
-Down to Earth Low returns and high risks from alternative crops among reasons past efforts failed, says report The Commission for Agricultural Cost and Prices (CACP) has recommended promotion of crop diversification, favouring oilseed crops amid the global inflation in oilseeds and vegetable oils prices. Global inflation creates a structural risk as vegetable oils account for about half of India’s agricultural import, subsequently raising the country’s agri-import bill, the commission wrote in its...
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