-Livemint.com The gross bad loan ratio of banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of banks which...
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Don’t ignore the women farmers -Thamizhachi Thangapandian
-The Hindu The gender gap in the agriculture sector will only widen more with the current farm laws Eminent agriculture scientist M.S. Swaminathan once said, “Some historians believe that it was women who first domesticated crop plants and thereby initiated the art and science of farming. While men went out hunting in search of food, women started gathering seeds from the native flora and began cultivating those of interest from the point...
More »Hit By Indebtedness and Suicides, Punjab Farmers Worry New Laws Will Make Things Worse -Pawanjot Kaur
-TheWire.in Researchers have found that small and marginal farmers and Dalit landless labourers are worst affected by the region's agrarian distress. Sangrur/Patiala (Punjab): In the villages of Punjab, strike a conversation on farming expenses with anyone, and they will say, “Karja tan hai hi (Of course, we have taken Loans).” It’s these Loans – from both institutional and non-institutional sources – that largely help the rural economy run in the state. But...
More »Jharkhand: Hemant Soren Govt Waives Farm Loans of Up to Rs 50,000 for 9 Lakh
-PTI/ TheWire.in The government said that an allocation of Rs 2,000 crore has been made in the current financial year for the waiver. Ranchi: The Hemant Soren government in Jharkhand waived farm Loans of up to Rs 50,000, benefitting around 9 lakh farmers of the state, officials said on Thursday. The decision was taken at a cabinet meeting on Wednesday, partly fulfilling the promise made by the ruling coalition ahead of the 2019...
More »ED attaches Rs 255-crore assests for alleged agri loan fraud, duping farmers in Maharashtra
-PTI/ ThePrint.in Assets of Gangakhed Sugar & Energy Limited and Yogeswari Hatcheries and Gangakhed Solar Power Limited were provisionally attached under PMLA. New Delhi: Properties worth Rs 255 crore have been attached in connection with a money laundering probe linked to a case of alleged agricultural loan fraud and duping of farmers in Maharashtra, the Enforcement Directorate said on Wednesday. “Assets worth Rs 255 crore of Gangakhed Sugar & Energy Limited (GSEL), Yogeswari...
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