-The Indian Express The Maharashtra Gramin Bank has written to the district collectors of eight districts expressing inability to disburse crop loans for the upcoming kharif season. Mumbai: The prediction of a good monsoon may not be enough to bring cheers to farmers of Marathwada, as questions are being raised over disbursement of crop loans in the region. The Maharashtra Gramin Bank has written to the district collectors of eight districts...
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Revisit interest subsidy scheme for farmers -Ashutosh Kumar Tripathi
-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...
More »Grain of truth
-The Indian Express (Edit) Punjab’s wheat payment crisis strengthens the case for direct transfers in MSP operations. For a state whose farmers have already suffered from crashing basmati paddy prices and damage to their cotton crop from whitefly pest attacks, the current payment crisis in wheat couldn’t have come at a worse time. Government agencies have so far procured over 6.5 million tonnes (mt) of wheat from Punjab in the new...
More »Wake up, smell the leakage -Ashok Gulati & Prerna Terway
-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
More »Freedom in peril -R Ramakumar
-Frontline The government’s passage of the Aadhaar Bill in complete disregard of even basic parliamentary procedures and in subversion of an ongoing judicial process puts at risk a number of constitutional rights and liberties of citizens. The benefits cited are just ploys to realise a neoliberal dream. “Congressmen are dancing as if [Aadhaar] was a herb for all cures. With the Supreme Court pulling up the Centre, people are now seeking...
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