-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...
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Stop Banks From Humiliating Farmers, Supreme Court Tells Tamil Nadu -A Vaidyanathan and Shylaja Varma
-NDTV The Supreme Court asked the Tamil Nadu government to install a process by which farmers can report misbehavior by bank officials while trying to make them pay up. New Delhi: The government's job is to prevent farmers from committing suicide and not distribute compensation after they have died, the Supreme Court told Tamil Nadu in strong words today, asking it to ensure that no coercive action is taken against...
More »Loan waiver: Debt-ridden farmers from Vidarbha, Marathwada top list of beneficiaries -Shubhangi Khapre
-The Indian Express As many as 11,46,768 farmers from Vidarbha and 10,83,932 from Marathwada will have their loans waived. Western Maharashtra, which is economically most prosperous, has a relatively lower number of beneficiaries, with 7,391,48 farmers making it to the list. Mumbai: With the government announcing that over 35.11 lakh farmers across Maharashtra who have outstanding individual loans up to Rs 1.5 lakh will benefit from its loan waiver decision, more...
More »Small farms are eating away farmers' profits and productivity -Harini Calamur
-DNA Most of Europe avoided the fate of India, because of a very strict feudal law — that of following primogeniture, a system of inheritance by the firstborn (usually the first born son). Karnataka — preceded by UP, Punjab and Maharashtra — is the fourth state to have waived off loans taken by farmers. However, this is not going to be the end of the matter. You are likely to...
More »Loan waiver alone not the panacea for Maharashtra farmers' woes: Experts -Rahul Wadke
-The Hindu Business Line High inputs costs, low price for produce and water scarcity are major challenges Mumbai: Despite the Rs. 34,000 crore farm-loan waiver in Maharashtra, farmers’ lives are unlikely to change for the better as they will continue to be up against familiar problems such as high input costs, low prices for their produce, and scant water availability, say farm sector experts. They are of the opinion that the core issues...
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