-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
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Empty promises to farmers in distress -PSM Rao
-The Hindu Business Line Both Andhra Pradesh and Telangana have reneged on loan waiver promises. When Messrs Chandrababu Naidu and K Chandrasekhar Rao, chief ministers of Andhra Pradesh and Telangana respectively, promised to waive farm loans, there was no reason to distrust them. The Election Commission clearly directed the politicians not to make any promises that could not be implemented. They thought all the farm loans would be written off once they formed...
More »Intelligence Bureau raises red flag on farmer suicides in its report to PMO -Aman Sharma
-The Economic Times NEW DELHI: The Intelligence Bureau has termed loan waiver and relief packages for distressed farmers as "short-term" measures and said the issue of farmer suicides needs a comprehensive solution. In a report to the Prime Minister's Office last week, the IB said farmer suicide is on a rise in Maharashtra, Telangana, Karnataka and Punjab. It also pointed to suicides by debt-ridden farmers in Gujarat, UP and Tamil Nadu...
More »Hailstorms hit Maharashtra yet again -Aparna Pallavi
-Down to Earth Several thousand hectares of crops stand destroyed Even as a team of experts gears up to study the situation of droughts in Maharashtra, heavy unseasonal rains and hailstorms have damaged an estimated 88,000 hectares of standing crops and orchards in the last few days. Nashik, Jalgaon, Dhule, Nandurbar and Sangli are the worst-affected districts. In Nashik, 38,000 hectares of grape crops have been completely damaged. Subhash Arve, vice president of...
More »Over 400 farmers have committed suicide in Telangana since its formation -M Suchitra
-Down to Earth National Human Rights Commission has sought report from the state The K Chandrasekhar Rao government in Telangana seems to have failed to deliver on its promise of reforming the crisis-ridden farm sector in the state. Unofficial figures suggest that more than 400 farmers have committed suicide in the past six months. Telangana, the youngest state in the country, came into existence on June 2 this year. Rao and other leaders...
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