-The Financial Express Leading economists who fear that the cost of the food security law on the exchequer would be much higher than estimated by the government have a seemingly unlikely ally - farmers' groups. A couple of national-level farmers' organisations have opposed the National Food Security Bill, saying it would "lead to nationalisation of agriculture by making the government the biggest buyer, hoarder and seller of foodgrains". Farmers' representatives from a...
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Have proof of graft in farm debt waiver scam: Anna
-The Hindustan Times The Gandhian crusader, Anna Hazare on Sunday claimed that he has sufficient proof of alleged corruption and irregularities committed in the “farmers’ loan waiver scheme” of the Centre, which was brought to light by the CAG report recently. Hazare, who was in Nagpur on a two-day tour in eastern Vidarbha said, “If the government is interested in going through the proofs, I am willing to hand over to them.” The...
More »Private banks reluctant about rural lending -Dinesh Unnikrishnan
-Live Mint Experts say private banks achieve lending obligations by buying out loans from non-banking entities Most private banks in India have not been able to meet the needs of farmers although they are expanding their rural and semi-urban branch network. This is why the Reserve Bank of India (RBI) is insisting that at least one-fourth of the branches of the new banks that will be given a licence must be located...
More »EGoM Releases Relief Package of Rs 2,892 Cr for 7 States
-Outlook The Centre today decided to release a relief package of more than Rs 2,892 crore for seven states, including Maharashtra, to help them tackle the impact of droughts, floods and landslides faced last year. The decision was taken at the meeting of the Empowered Group of Ministers (EGoM) on drought, headed by Agriculture Minister Sharad Pawar. Briefing the media, Pawar said: "There were number of proposals from various states demanding central assistance...
More »Distressed Andhra Pradesh farmers selling organs to escape debt trap
-The Times of India Almost five years after the UPA government allocated the lion's share of its Rs 52,000 crore farm loan waiver scheme to Andhra Pradesh, reports are emerging from the state that distressed farmers are selling their organs to come out of the agricultural debt trap. Three states - Andhra Pradesh, UP and Maharashtra - had got almost 57% of the Rs 52,000 crore package meant for all 35 states...
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