-The Indian Express On the surface, the sugar crisis in Uttar Pradesh may seem to be inching closer to a resolution. But cane farmers may have unwittingly mortgaged their land, signing up for crop loans from public sector banks, with the money so raised being used by the mills to pay arrears of a different set of farmers. This model, of mills rotating working capital loans from banks, to deliver pending payouts...
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Rs 1 lakh crore bad loans of corporates written off: RBI-Mayur Shetty
-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...
More »Clarity on loan waivers
-The Asian Age Reserve Bank deputy governor K.C. Chakraborty has finally set the record straight on what is well known in left-wing development circles: that Corporate India's loans waived by banks are more (over Rs. 1 lakh crore in the past 13 years) than Farm Loans to the tune of Rs. 60,000 crores written off under the Debt Waiver and Debt Relief Scheme. More revealing is that medium and large units have...
More »Church voice in farm vs green debate-Ananthakrishnan G
-The Telegraph Thiruvananthapuram: The Centre's move to implement an ecology panel's report on conservation of the Western Ghats has provoked a call for a 48-hour civil disobedience agitation by the Catholic Church in Kerala, starting Sunday midnight. The Church claims the K. Kasturirangan report, notified on Wednesday, will hit the livelihoods of farmers living in the "high ranges" - foothill areas bordering the forests - and force them to relocate. Green activists deny...
More »Racing Rats or Racing Food-Neha Dixit
-Newsclick.in Caste discrimination percolates down to the food plates for Musahar community in Madhepura district of Bihar reports Neha Dixit "The mahant of the Shankar Math told me to stay away from ultra-Left people the day I questioned the Collector about the hunger deaths in my village," recounts Prabhansh Manjhi. Prabhansh is from the Musahaar community in Madhepura district of Bihar. Estimated to be 2.3 million in the country, they are Mahadalits, one...
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