-The Telegraph In the long term, the only real solution to rural distress is to shift labour to more productive segments of the economy It has turned into an open season for farm loan waivers. Less than a week after assuming office, Congress governments in Rajasthan, Madhya Pradesh and Chhattisgarh have announced the waiver of crop loans up to two lakh rupees per farmer. The Congress president, Rahul Gandhi, has thrown down...
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Conversion of farmland sowing seeds of resentment in Karnataka -Sharan Poovanna
-Livemint.com Declining income, shrinking farmlands, rise in number of dependents on existing holdings add to farm woes Bengaluru: Since 2000, Karnataka has put nearly 200,000 hectares of farmland to non-agricultural use, including for industrial, residential and infrastructure projects. Besides shrinking farmlands, the number of dependents on existing land holdings have also increased considering little employment opportunities elsewhere. From 1.312 million hectares in 2000-01 (cumulative), the total land put to non-agricultural use has risen...
More »Loan waiver not a solution to farm distress: NITI Aayog
-PTI NEW DELHI: Joining the debate on farm loan waivers, government think-tank Niti Aayog on Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress. Congress chief Rahul Gandhi has been pressing the government on the issue, saying he will not let Prime Minister Narendra Modi sleep until a loan waiver is given to all farmers. "Farm loan waiver is not a solution...
More »Indian farmers need a new deal and not just loan waivers -Yogendra Yadav
-ThePrint.in Farmers’ issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something. When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to...
More »Without Rise in Farm Income, Congress' Loan Waivers Won't End Rural Distress -Kabir Agarwal
-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...
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