Worried over crop losses and mounting loans, two farmers committed suicide and four others died of shock in the state in the last 24 hours. Apparao, 55, consumed pesticide at his residence in Kapuumilada village in Santabommali mandal of Srikakulam on Tuesday. He was depressed after his three-acre crop was damaged in the rains. He took the land on lease and cultivated paddy. V Krishna Murthy, 52, a marginal farmer of Vanjagi...
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Why microfinance is not half the villain it seems to be by R Jagannathan
A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...
More »Debt ridden farmer commits suicide in Maharashtra
A farmer on Monday committed suicide due to bad crops and under the fear of non-payment of Debt taken from the moneylender in Maharashtra's Thane District.The farmer was identified as Govind Patil, who had taken loan from a moneylender for growing crops.Meanwhile, farmer's association has requested the government to waive off all Debts of the deceased farmer."The farmer who has committed suicide, his all Debts should be waived off and...
More »Rural areas face challenges to eradicate extreme poverty by James Melik
Some 350 million people living in rural areas being lifted out of extreme poverty in the past decade, according to The Rural Poverty Report, published by the International Fund for Agricultural Development (IFAD), a United Nations (UN) agency. However, in spite of this, more than a billion people around the world still continue to suffer. The UN describes extreme poverty as living on less than $1.25 (80p) a day. But factors such as...
More »Panel proposes UID-linked direct subsidy by Utpal Bhaskar
The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...
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