-NDTV Profit The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers. The Finance Ministry on Tuesday allowed banks, post offices and district central cooperative banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange the value of notes deposit with the new notes. In an official notification...
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Marathwada farmers face bleak sowing season -Atul Deulgaonkar
-VillageSquare.in Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon Latur (Maharastra): Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much...
More »Crop prices and farmers' unrest -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business line Distressed farmers are demanding loan waivers, but that should not deflect focus from what needs to be done and undone to address the root cause of the agrarian crisis The farmers’ unrest across the country, and particularly across several BJP-ruled States, appears to have caught the central government by surprise. But it should really not have done so. Ever since candidate Narendra Modi in 2014 promised the farmers...
More »India Owes a Debt to Its Farmers -Yogendra Yadav
-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
More »Between land and a hard place: 'Big-ticket projects' hurting Maharashtra farmers - Ketaki Ghoge
-Hindustan Times More and more farmers are falling into debt trap because farming is no longer profitable and big-ticket infrastructure projects are taking away their lands. Nasik: Shantaram Waghchowre’s worries are multiplying. Already hit by plunging prices for the crops he grows in his five-acre family farm in Maharashtra’s Pimpalgaon Dukre village of Nasik district, he is now staring at abject penury. The state government is set to acquire 50,000 acres of land...
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