Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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Plight of the small peasantry in Punjab is affecting their mental health, highlights field-based study
Door-to-door and village-to-village surveys carried out by researchers of the Department of Economics and Sociology, Punjab Agricultural University, Ludhiana detected a total of 9,291 suicides that were committed by farmers in six districts of Punjab during the period from 2000 to 2018. Situated in the Malwa region of Punjab, which is known for cotton farming and the prevalence of cancer among its population, Sangrur (2,506) witnessed the highest number of...
More »A Fresh Spike in Farmer Suicides in Punjab -Shweta Saini, Siraj Hussain and Pulkit Khatri
-TheIndiaForum.in Since 2015, there has been a sharp rise in farmer suicides in Punjab. Farmers in the state borrow large loans at high interest rates; some of which is used for consumption. According to official data, 51% of farmer suicides in Punjab are due to a high level of indebtedness, mostly to institutions. Farmer suicides are back in focus. Media reports suggest that in April 2022 alone 14 Punjab farmers died by...
More »88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden: Study -Vivek Gupta
-TheWire.in The Panjab Agriculture University study examined deaths by suicide among farmers between 2000 and 2018 in six districts of the state. Chandigarh: As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in the latest edition of Economic and Political Weekly has revealed. The districts surveyed were Sangrur, Bathinda, Ludhiana, Mansa, Moga and Barnala. Heavy debt – most incurred...
More »Contrasting rules for farm, corporate loans -Devinder Sharma
-The Tribune While many of the big defaulters have escaped abroad, why is it invariably a farmer (or a small borrower) who is left to face ill-treatment and injustice in the loan recovery process? While the big defaulters are treated with kid gloves, farmers are always treated with a different yardstick, as if they are children of a lesser god. WHILE the Punjab State Cooperative Agricultural Development Bank (PADB) has issued arrest...
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