-The Hindu Business Line The recent devastation of crops shows that the Indian economy continues to be a ‘gamble’ on the rain. But can India Meteorological Department’s new model make it predictable? Moisture wrecks a farmer's life. Since February this year, lakhs of farmers across 14 states were left with damaged crops. Unseasonal rains destroyed crops on 11 million hectares spread over Rajasthan, Uttar Pradesh, Haryana, Madhya Pradesh, Maharashtra and Punjab....
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Akhilesh declares calamity in UP, seeks Rs 1,000 cr from PM
-PTI Lucknow: With 55 districts in Uttar Pradesh hit by untimely rains and Hailstorm, chief minister Akhilesh Yadav has declared a calamity and has written to Prime Minister Narendra Modi seeking Rs 1,000 crores to immediately provide relief to farmers. The chief minister reviewed the prevailing situation yesterday and had said that a financial assistance of Rs 5 lakh from the chief minister's fund will be provided to farmers who faced an...
More »Millions of Indian Farmers Hit by Spell of Unseasonable Rains -Anjana Pasricha
-Voice of America NEW DELHI: Unseasonable rains and Hailstorms have damaged wide swathes of crops in India, one of the world’s biggest producers of commodities such as wheat. The government has promised to enhance compensation for millions of farmers, who are staring at huge losses. Rains lashed much of India through March -- normally the time when dry weather and rising temperatures ripen the wheat crop, making it ready to harvest. Besides wheat,...
More »Aid for rain-hit farmers:Rs 75
-The Telegraph Lucknow: The Akhilesh Yadav government today suspended three revenue officers after some rain-hit farmers were handed compensation cheques of Rs 75 and Rs 100, and ordered a probe into how such a pittance was paid. News channels showed the farmers in Faizabad and Badaun districts of Uttar Pradesh waving cheques of Rs 100, Rs 75 and even Rs 69. These farmers had lost their crops in last month's unseasonal rain...
More »The Centre asks Bankers to Restructure Crop Loans and Insurance
-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...
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