-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...
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Dr. Jayati Ghosh, professor at JNU, interviewed by The Hindu
-The Hindu The AP government should keep the MoUs (with investors) in the public domain. Let there be a debate on the MoUs -- Jayati Ghosh, economist VIJAYAWADA: Noted economist Jayati Ghosh does not agree that civil society has been indifferent to the problems presented to farmers due to the land acquisition tactics adopted by the State Government in gathering land for its capital city project. The academic, who headed a commission that investigated...
More »Fixing India’s farm failures
-Livemint.com India needs to invest more in developing rural infrastructure The script is familiar. After borrowing heavily for inputs such as seeds, fertilizers and pesticides, farmers in most parts of India wait for the monsoon. When the rain fails, the farmers’ agony begins. Forced migration to cities in search of manual work, distress sales of land and, in extreme cases, suicides are the way out. This kharif season has a distressingly familiar ring...
More »Only 'bure din' for us, say farmers -Omar Rashid
-The Hindu Govt. accused of backtracking on promise of loan waiver Mumbai: Farmers in Maharashtra are using the phrase bure din (bad days) to describe their condition. Akshay Tale last spoke to his close friend Neelesh Walke at around 2.45 p.m. on December 30 last year. Neelesh, who faced a Rs. 2 lakh debt, seemed anxious but showed no signs that he was considering any extreme step. At around 4 p.m., Neelesh, barely 23,...
More »Too early to say deficit monsoon to hit rural lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
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