-One World South Asia Reducing incomes, stagnating yields, increasing costs of cultivation, fragmenting of land-holdings and reducing of institutions credit facilities plot the graph of farmers' suicides in India. A national consultation and public hearing on framers' suicides being organised by Action Aid in the capital brought together experts and policy critics to evaluate the progress of government initiatives to respond to the ongoing agrarian crisis. Suicides are only one extreme symptom of...
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Bt failure to hit cotton yield by 40%: Govt-Yogesh Pawar
-DNA For the first time, Maharashtra has officially admitted that cotton yield is likely to reduce by nearly 40%. Bt cotton failure in more than 4 million hectares of land has reduced cotton yieldfrom 3.5 million quintal to 2.2 million quintal. A report sent by the state agricultural department to the Centre states that the estimate of the net direct economic loss to cotton farmers in the state will be nearly Rs6,000...
More »Akhilesh waives Rs 1,650 crore Farm loans on dad Mulayam's birthday
-The Times of India LUCKNOW: A cash-strapped Uttar Pradesh government wrote off loans worth Rs 1,650 crore to farmers on Samajwadi Party chief Mulayam Singh Yadav's 74th birthday on Thursday, fulfilling an election promise that is bound to further deplete the state's already dwindling coffers. Chief minister Akhilesh Yadav said 7.2 lakh farmers, who've taken loans of up to Rs 50,000 from rural cooperative banks, will benefit from the waiver. "Farmers who've...
More »Akhilesh Yadav government waives loans of lakhs of farmers -Ashish Mukherjee
-NDTV Lucknow: Lakhs of farmers in Uttar Pradesh who took loans worth Rs. 50,000 or more and have returned 10 per cent of the amount got a big surprise today, with Chief Minister Akhilesh Yadav waiving their loans. The state government said the decision will benefit approximately 7.20 lakh farmers. But the scheme but comes with a rider. It will apply to only those farmers who took the loan by mortgaging property. Such...
More »All Kisan Credit Cards To Be Converted to ATM Cards: PC
-Outlook State-owned banks have been asked to strictly adhere to the March, 2014 time-line for converting all Kisan Credit Cards (KCCs) to ATM cards, Finance Minister P Chidambaram today said. "All KCCs will be converted to ATM cards. I have impressed upon all chairpersons of the banks that this time-line must be strictly adhered to," Chidambaram said following a meeting with the chief executives of state-run banks. State-owned lenders were asked to convert...
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