-The Hindu In case of loan in both cooperative and commercial banks, the former qualifies for waiver Bengaluru: The intensive de-duplication work to identity farmers eligible for loan waiver is expected to identify at least 7 lakh people who have loans in both cooperative sector and commercial banks, resulting in saving of at least Rs.6,000 crore to the State exchequer. A farmer will be eligible for loan waiver from one of the...
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MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
More »Jaitapur: A risky and expensive project -Suvrat Raju & MV Ramana
-The Hindu Unless the government is transparent about details, it will be engulfed in yet another controversy In December, the French company Électricité de France (EDF) submitted a “techno-commercial proposal” to the Indian government for the Jaitapur nuclear power project in Maharashtra. The idea of importing six nuclear European Pressurised Reactors (EPRs) was initiated by the United Progressive Alliance government more than a decade ago, but the project had made little progress...
More »Farm crisis: Short-term palliatives are futile -G Chandrashekhar
-The Hindu Business Line To help farmers, a long-term plan to improve input delivery, irrigation and rural infrastructure is a must Some 60 years ago, the country’s first Prime Minister Jawaharlal Nehru said: “Everything can wait except agriculture”. But for the last two decades, agriculture has been waiting even as the economy has continued to make rapid strides. The country is today paying a price for the omissions and commissions of successive governments...
More »Expect more distress in farm sector, warns expert -M Ramesh
-The Hindu Business Line Opening farm sector for global trade will give farmers a bigger market: S Narayan Farm sector distress is expected to worsen, cautioned S Narayan, who was the Economic Adviser to former Prime Minister Atal Bihari Vajpayee. No remunerative prices Speaking on ‘Economy in Election Year’, organised by the Chennai chapter of the Observers Research Foundation, Narayan said the underlying problem is one of abundance of production and farmers not getting...
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