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Punjab foodgrain scam: Top bankers say could stop lending to state

-PTI The decision was taken by a consortium of banks which held a meeting in New Delhi. Some thirty odd bankers led by State Bank of India, which are staring at heavy losses to the tune of Rs 12,000 crore from the unfolding food scam in Punjab, on Monday discussed all options, including to stop lending to the state government. The decision was taken by a consortium of banks which held a meeting...

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Gender bias rampant in farm sector -K Venkateshwarlu

-The Hindu Women continue to face discrimination in terms of owning assets like land and payment of wages, accessing credit, technology, market and irrigation facilities Hyderabad: Such is the gender bias that even when her spouse commits suicide forced by agrarian crisis, the woman farmer is left to fend for herself. Even as they keep breaking the proverbial glass ceiling to move up the corporate ladder and make a mark virtually in every...

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Polavaram is reaping the Jan Dhan benefit -Gunturi Naga Sridhar

-The Hindu Business Line The scheme has made life easier for the people of this Andhra Pradesh village, one of the first in the state to have 100 per cent financial inclusion. But the local experience also throws up a few questions relevant nationally, reports Gunturi Naga Sridhar Fourty-year-old M Ravamma, from Polavaram, a village in the Krishna district of Andhra Pradesh, had a nightmarish experience two months ago. Her husband complained...

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‘Hike Budget outlay for all agri-related departments’

-The Hindu Business Line New Delhi: Several organisations and individuals have sought higher Budget outlays for all departments dealing with the agriculture sector if the Centre is really serious about farmers’ welfare.   “Budget 2015-16 was a serious disappointment in that it actually cut down allocations for Ministry of Agriculture to levels less than 2011-12, i.e., five years earlier! (see table) …. It is clear that farmers’ welfare added to the Ministry’s...

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Nabard thinks Mumbai needs 50% of agri loans -Alok Deshpande

-The Hindu The fact that a megapolis, and not the drought-affected areas of Maharashtra, is the biggest beneficiary, has angered many Bristling with glass towers and commercial districts, Mumbai is unquestionably the financial capital of India. The most greenery an average Mumbaikar can hope to grow is a few herbs in window flower-pots. Which is why it seems strange that the city will be the biggest beneficiary of agriculture loans, as projected by...

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