The low rate of inflation of 3.88 percent in Consumer Food Price Index during September, 2015 actually hides the high prices at which various pulses (dal) are available in kirana / retail shops across India. In terms of Consumer Price Index (combined), monthly rate of inflation in pulses and products during September 2015 (over September last year) stood at 29.76 percent as compared to the overall monthly retail inflation of...
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MP loan scam: Interest subsidy for 1.77 lakh ‘ghost’ farmers swindled -Amarjeet Singh
-The Times of India BHOPAL: At a time when suicides by farmers in Madhya Pradesh following scanty rain and poor yield have brought back focus on their plight, allegedly more than 1.77 lakh ghost farmers benefitted from interest subsidies on their loans. Putting a question mark on the much hyped 0% interest farm loan scheme of the state government, a series of RTI queries by TOI revealed that between 2007-08 and 2012-13,...
More »Take Steps to Prevent Farmer Suicides -Charan Singh and CL Dadhich
-The New Indian Express The problem of farmer suicides has assumed a serious proporition. The toll is increasing year after year. According to the National Crime Record Bureau (NCRB), as many as 5,650 farmers committed suicide in India last year. This works out to one farmer suicide in every 100 villages or one farmer suicide in every block in the country last year. State-wise, Maharashtra accounted for the highest number of...
More »India's Handloom Challenge Anatomy of a Crisis -Ashoke Chatterjee
-Economic and Political Weekly The Indian weaver is dismissed in high places as an embarrassing anachronism, despite demand for his or her skills and products. In the new millennium, globalisation and a mindless acquiescence to imported notions of a good life threaten to take over, even as the West looks East for better concepts of sustainable living. Analysing today's crisis in the handloom sector, plagued by low-cost imitations from power looms,...
More »Funds for short-term crop loans cut, 10.5 lakh farmers to be hit -Sarbjit Dhaliwal
-The Tribune Chandigarh: The National Bank for Agriculture and Rural Development (NABARD) has imposed a cut of Rs. 3,400 crore on the allocation made to the state to advance short-term crop loans. The loans are advanced twice in a year for rabi and kharif crops. At least 10.5 lakh farmers are expected to be hit hard. These loans are advanced on half-yearly basis through agriculture cooperative societies. On an average, NABARD used to...
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