-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
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Clouds of gloom -Niranjan Takle
-The Week Vagaries of the weather are not the only reason for Marathwada's agrarian crisis Three widows, two daughters and an overwhelming sense of grief occupy the house of the Palwes in Kekat Jalgaon in Paithan, Aurangabad. The house lost all its men there were three in the past three years. The Palwe widows, Yashoda, Chandrabhaga and Lakshmibai, and Yashoda's two daughters, Suman, 8, and Sarita, 6, live in a hut without...
More »Only 'bure din' for us, say farmers -Omar Rashid
-The Hindu Govt. accused of backtracking on promise of loan waiver Mumbai: Farmers in Maharashtra are using the phrase bure din (bad days) to describe their condition. Akshay Tale last spoke to his close friend Neelesh Walke at around 2.45 p.m. on December 30 last year. Neelesh, who faced a Rs. 2 lakh debt, seemed anxious but showed no signs that he was considering any extreme step. At around 4 p.m., Neelesh, barely 23,...
More »Check dam in a day using plastic sheets -Shree Padre
-CivilSocietyOnline.com Kasargod: In 2000, Pidamale Govinda Bhat, 63, a middle-class areca nut farmer, rigged up an experimental check dam with sand and plastic sheets. For decades, his family had been constructing a temporary check dam across the Okkethoor river with stones and soil to irrigate their farm. “The government constructed a vented dam for us in place of our temporary check dam,” recalls Bhat. “But the sarkari dam leaked and leaked. By...
More »Rural stress affects farmers even in prosperous states -Mayank Mishra
-Business Standard Greater adoption of cash crops combined with a collapse in the prices of agri-commodities has led farmers to the brink in major agricultural areas According to the National Crime Record Bureau (NCRB) data, nearly 64 per cent of all farmer suicides in the country in 2013 took place in the four states of Maharashtra, Karnataka, Andhra Pradesh and Kerala, raising the question: why is rural stress resulting in farmer suicides...
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