-IPS News NAGAPATNAM, India - Standing amidst his lush green paddy fields in Nagapatnam, a coastal district in the southern Indian state of Tamil Nadu, a farmer named Ramajayam remembers how a single wave changed his entire life. The simple farmer was one of thousands whose agricultural lands were destroyed by the 2004 Asian tsunami, as massive volumes of saltwater and metre-high piles of sea slush inundated these fertile fields in the...
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Farmers rue delay in cash deposit in banks
-Deccan Chronicle Hyderabad: The undue delay in remitting the first installment of loan waiver amount to banks by the Telangana state government has resulted in farmers across the state losing crop insurance benefit for the ongoing kharif season. Reports from Telangana districts confirm that the government did not remit the amount that was promised by it to banks by September 30, the last day for the banks to make adjustments of...
More »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 »Andhra Pradesh counters RBI's claims -Jinka Nagaraju
-The Times of India In a sternly-worded letter dashed off to the Reserve Bank of India (RBI), the Andhra Pradesh government has urged the institution to not underestimate the distressful conditions prevailing in the state for the past three years, which has forced as many as 6,792 farmers to commit suicide. The nine-page letter dated July 25, countering RBI's argument about AP reporting no cases of acute concern among farmers, has been...
More »Small beginning in the right direction -Prof. MS Swaminathan
-The Hindu Overall, the Budget places considerable emphasis on agricultural renewal and agrarian prosperity. Obviously, the allocations are small but a beginning has been made to look at the problems in farming in a more holistic manner. The Union Budget is a resource allocation exercise. The priorities in the allocation were indicated in the address of the President to Parliament on June 9. While the President's address provides a framework for political...
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