-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the development of credit markets The Bharatiya Janata Party (BJP) won the 2017 state elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...

-Livemint.com Abject poverty, high levels of debt, and crop failures among the leading causes behind farmer suicides, according to a study commissioned by agriculture ministry New Delhi: Abject poverty, high levels of indebtedness, crop failures and pressure to repay loans are among the leading causes behind farmer suicides, according to the preliminary findings of a study commissioned by the Union agriculture ministry. The broad findings of the study conducted by the Institute for...

-The Telegraph New Delhi: Peasants from Haryana's Nuh region converged in the capital today to not only demand justice for Pehlu Khan - the latest victim of cow vigilantism - but also drive home the point that cattle trade was a matter of livelihood. The mobilisation was part of the Bhoomi Adhikar Andolan and brought on the platform leaders of various parties, like the Janata Dal United, NCP, CPI and the CPM-L. All...

-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...

-The Tribune Rural debt doubles to Rs 80,000 crore in 7 years | Most deaths reported in Bathinda, Mansa, Muktsar Chandigarh: With the rural indebtedness in Punjab’s predominant agrarian economy touching Rs 80,000 crore, each rural household in the state is under a debt of an average Rs. 8 lakh. Or simply put, 89 per cent of the 10.53 lakh households in Punjab are under debt. This also shows how rural indebtedness in...