-Hindustan Times Fatehgarh Sahib: He owns four acres of land, farms 20 acres more on lease, and has a debt of Rs 10 lakh. Gurmukh Singh, 44, is one of better-to-do farmers of Pandrali, a quiet, well-groomed village in Fatehgarh Sahib district with several newly-built houses, smooth streets and girls on scooters. It’s a picture that could well be captioned ‘prosperous Punjab’. But the genteel façade hides the struggles of the...
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How farm loan waivers can actually benefit the economy -Charan Singh
-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed money for production of...
More »Bleeding banks need more than a bandage -Shachi Singh
-GoI Monitor The NPAs have risen to Rs 10 lakh crore and farm loans make a very small portion of it. Will the recent RBI actions help? THE RESERVE Bank of India (RBI) has decided to act against 12 big corporates responsible for 25 per cent of the Rs 10 lakh-crore non-performing assets (NPAs) in Indian banks. However, despite Supreme Court's order in 2015, the RBI has refused to make the list...
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 »Haryana farmers to gherao Niti Aayog office on July 3 -Sukhbir Siwach
-The Indian Express Several farmers’ outfits, which met in Delhi on Monday, have also announced that they would launch a jail bharo agitation from August 9, on which date the Quit India Movement began in 1942. Chandigarh: FARMERS from Haryana and other states, who have been agitating on host of issues, will reach Delhi on July 3 to gherao the Niti Aayog office in the national capital and start an indefinite dharna...
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