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Farm loan waivers a bad idea: RBI governor Urjit Patel

-The Times of India MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet. Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. "It undermines honest credit culture, it impacts credit...

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In largesse we trust

-The Hindu Two separate decisions on farm loan waivers could have a domino effect Chairing his first cabinet meeting after taking over the reins in Uttar Pradesh, Chief Minister Yogi Adityanath approved a write-off on outstanding farmer loans of up to Rs. 1 lakh taken before March 31, 2016. The State cabinet also decided to waive loans worth Rs. 6,000 crore extended to small and marginal farmers that had turned into non-performing...

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2015 drought effect: Sugar yield sees worst fall in 10 years, prices set to rise -Bhavika Jain

-The Times of india MUMBAI: Even as the agriculture sector shows signs of recovery from the severe 2015 drought, the sugar industry is yet to get over it. The crushing season for 2016-17 has officially come to an end and it has recorded the lowest sugarcane crushing and production of sugar in the last 10 years. A total of 371.4 lakh metric tonnes of sugarcane was crushed in 147 mills across the...

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West Bengal government to help farmers to grow 800 varieties of rice -Sutanuka Ghosal

-The Economic Times West Bengal government has firmed up plans to provide assistance to farmers to enable them to grow 800 varieties of aromatic rice, many of which are rarely grown nowadays. Among the aromatic varieties identified for special treatment are kanakchur, randhuni, chandrachur, radhatilak, badshahbhog and kerala sundari. Bidhan Chandra Krishi Viswavidyalaya in Kalyani is playing a major role in identifying the varieties of rice, as well as finding out ways...

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IMD trains states to deal with heatwaves as temperatures rise -Prerna Kapoor

-Livemint.com India Meteorological Department (IMD) is training state governments to counter persistent heatwaves, anticipating a structural shift in India’s weather conditions New Delhi: Anticipating a structural shift in the country’s weather, the India Meteorological Department (IMD) is training state governments to improve their mitigation preparedness to cope with the persistent heatwaves. IMD has tied up with state disaster management commissioners and health secretaries to formulate plans in the face of large casualties from...

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