-Outlook Ahmedabad: The Gujarat government's greenhouse farming initiative has proved to be ineffective as many farmers have incurred losses due to crop failure after adopting the method, according to Bharatiya Kisan Sangh (BKS). According to BKS officials, Gujarat unit, almost 90 per cent crops cultivated under the greenhouses have failed in the northern parts of Gujarat. "To address the issue, we had held a meeting with more than 200 farmers, mostly from north...
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Banks Finally Give ‘Debt Relief’ to AP Government
-The New Indian Express HYDERABAD: In a much-awaited relief to the cash-starved Andhra Pradesh government, the State Level Bankers' Committee (SLBC) on Tuesday reportedly agreed to accept its offer of upfront payment of 20 per cent outstanding crop loans of eligible farmers. The SLBC has constituted a sub-committee to look into proposals made by the Andhra Pradesh government on the modalities of crop loan waiver scheme and after a thorough discussion, finally...
More »Harmful waivers
-The Hindu Business Line Loan write-offs will become redundant if we have a robust crop insurance system The Chief Minister of residual Andhra Pradesh N Chandrababu Naidu may have bought time in implementing his lavish pre-poll promise of waiving ₹54,000 crore worth of farm loans. The decision to appoint an expert committee to recommend guidelines on the waiver may well be a ploy to defer - even soften - the impact of...
More »Union budget: Vidarbha farmers demand Rs 30,000 cr package
-PTI The group has also urged the govt to constitute a national-level Commission, which looks into measures to prevent farmer suicides Nagpur: Farmers in the Maharashtra's Vidarbha region have demanded a Rs 30,000 crore development package from the upcoming Union Budget. In view of the neglected farmers, it was high time that the central government looks at agrarian crisis seriously in Vidarbha and announce a hefty development package, Vidarbha Jan Andolan Samiti (VJAS)...
More »Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha
-The Business Standard Say waiver will vitiate the loan recovery environment Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones. Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday,...
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