-The Financial Express Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Unless the finance ministry releases a good part of the unpaid subsidy of Rs 58,000 crore or let Life Insurance Corporation raise Rs 40,000 crore to support FCI soon,...
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Fishermen and farmers sue World Bank lending arm over power plant in India -Matt Kennard and Claire Provost
-The Guardian NGO EarthRights files complaint against IFC on behalf of those affected, over $450m loan for plant that ‘destroyed livelihoods’; IFC claims immunity In the first case of its kind against the private investment arm of the World Bank, fishermen and farmers from north-western India are suing the International Finance Corporation (IFC) in a US federal court over a $450m loan for a coal-fired power plant. The communities say the IFC...
More »MP govt announces measures to make agriculture lucrative
-Hindustan Times Bhopal: The Madhya Pradesh government will prepare a legal framework for leasing land for agriculture that would not put the land owner at a disadvantage but will provide rights to the lease holder, chief minister Shivraj Singh Chouhan said on Tuesday. Chouhan was addressing the media at the conclusion of an exercise launched by the state government to assess the ground situation against the backdrop of the farming crisis. He said that...
More »AP's cotton fields turn deathbeds
-The Times of India GUNTUR: Jinkala Satyanarayana of Pedapalem village under Atchampet mandal took four acres on lease and sowed cotton in 75 per cent of the plot. In the remaining acre, he opted for chilli cultivation. He spent about Rs 3 lakh for agriculture operations, but the crop failed to his great shock. With the 45-year-old depending entirely on moneylenders to secure loans, the debts rose to Rs 5 lakh even...
More »In Drought-Struck Odisha, Aid Fails To Stop Farmers Suicides -Tazeen Qureshy
-NDTV In Drought-Struck Odisha, Aid Fails To Stop Farmers Suicides Khurda, Odisha: After her husband Abhimanyu, a 52-year-old farmer in Odisha's Khurda district, committed suicide by consuming poison last month, Pratima Baliarsingh is yet to recover from the trauma. Pratima, 45, now has to repay an almost two lakh rupee-loan that her husband took from various banks and villagers. The district administration gave her a cheque of Rs. 20,000 after her husband's death but...
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