-The Hindu Drought has devastated once-prosperous Latur. In this two-part series Sharad Vyas (text) and Vivek Bendre (photographs) report from the parched district. Latur: The water train chugging into Latur last week captured national attention. But it took the spotlight away from the daily struggle of lakhs of people facing the immediate consequences of extended drought and acute water scarcity in Latur district. The vagaries of nature have already taken their toll:...
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Chhattisgarh farmer bears crop loss of Rs 1 lakh, gets compensation of Rs 81 -Rashmi Drolia
-The Times of India RAIPUR: "Should I repay loan with cheque of Rs 81 or go and commit suicide to rid of this disgusting cheque and the load of debt both?" asks a distressed farmer at a village in Surguja district has suffered loss of crop on his four acre of land amounting to Rs 1 lakh. Surguja district administration paid this farmer a relief compensation of Rs 81 via a cheque...
More »Grain vanishes from Punjab godowns; may burn Rs 12,000-crore hole in bank books -Sangita Mehta & MC Govardhana Rangan
-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all Banks with exposure to the Punjab government's food borrowing programme to provide for potential...
More »Debt weighing down farmers of cotton belt -Mohammad Ghazali
-Hindustan Times Mansa: As cases of suicide by farmers due to indebtedness continue to be reported in the district, there are hundreds of households in which children, who have lost their fathers, have inherited debt and accompanying distress. Ranjeet Singh, 35, a farmer from Kotdharmu village, ended his life in 2013 after he failed to repay the debt of his father who had been forced to incur it several years ago. His ailing...
More »Wake up, smell the leakage -Ashok Gulati & Prerna Terway
-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
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