A young farmer from Nashik committed suicide after failing to bear the burden of damage to crops due to unseasonal rains. Dyneshwar Bhikaji Adake, 32, a resident of Nanegaon, hung himself in the early hours of Monday. Villagers said Adake had developed four acres of land as a vineyard, which was damaged due to unseasonal rains last fortnight. With mounting Debts, he hung himself from a grill after midnight. Police have...
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Battle lines drawn for Cancun climate conference by Richard Ingham
Familiar battle lines emerged on Sunday on the eve of a conference to restore the credibility of the UN's talks on climate change after last year's near-disaster in Copenhagen. Campaigners said the interests of the environment and poor countries would not be sacrificed to help boost the faltering process, while the European Union (EU) called on China, the United States and India to agree to "fair" curbs on their carbon emissions. Nearly...
More »India Needs A Seed Liability Bill by Devinder Sharma
For past several weeks, thousands of farmers in Madhya Pradesh, Uttar Pradesh, Chhatisgarh, Rajasthan, Bihar and Jharkhand have been left in the lurch. They had planted urd and til crops in a large acreage, and to their dismay no grain formation took place in the standing crop. Unable to bear the economic loss, at least four farmers have reportedly committed suicide. Thousands of farmers have been pushed deeper into economic distress....
More »Bengal is worst among the 5-highly inDebted states: economist
Sitting on a huge Debt burden of close to Rs 2 lakh crore, West Bengal government's finances are the worst among five highly-inDebted states in the country, a noted economist attached with the Indian Statistical Institute here has said. "Revenue deficit of the state is the highest among the five highly-inDebted states of UP, Maharashtra, West Bengal, Andhra Pradesh and Gujarat," Abhirup Sarkar, the economist, told PTI. He said that for the...
More »Govt plans microfinance regulatory bill
The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting Debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development...
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