-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...

-RuralIndiaOnline.org Despite the slow decline of the renowned handlooms of Dharmavaram in Andhra Pradesh, Shankara Dhanunjaya tried to work hard and prosper. But in 2016, at the age of 35, debts, crumbling dreams and crushing policy changes drove him to suicide All the handloom halls Into mortuary rooms Being metamorphosed That inexplicable sorrow! (From ‘Maggam bathuku’ an epic poem by Dr. U. Radheya, who is from a family of weavers; translated by Dr. P. Ramesh Narayana) In...

-Hindustan Times The National Sample Survey Office (NSSO) is facing a shortage of investigators for conducting surveys, a response to an RTI filed by Hindustan Times revealed, raising questions about the quality of data being generated from these surveys. The field operations division of the NSSO, which is responsible for collecting primary data, has around 24% of positions vacant for the posts of junior and senior statistical officers. Data from NSSO is central...

-TheWire.in Banks are deducting ‘crop insurance premiums’ from farmers’ current accounts without their knowledge. In the Bhivani district of Haryana, a 49-year-old farmer, Bansi Lal, complained that Rs 2,480 was deducted from an account that was linked to his Kissan Credit Card (KCC), without his knowledge. Upon enquiry, the bank informed him that the money was deducted under the Pradhan Mantri Fasal Bima Yojna (PMFBY). But when he told the bank that...

-TheWire.in Falling prices and a lack of adequate procurement centres have left tur producers grasping for a way out. The chief minister of Maharashtra is sending disturbing political signals to dryland farmers in his state. His recent statement, which was aimed at reassuring tur (arhar) producers in the state, says that in order to help farmers who are bearing the brunt of a fall in its prices below the minimum support price...