No proposal to revise Minimum Support Price Despite demands from Punjab, Haryana, Uttar Pradesh, Chhattisgarh and Madhya Pradesh, there is no proposal with the Centre to revise the Minimum Support Price (MSP) or announce any bonus for wheat, paddy and sugarcane crops. However, it is working towards a system of ensuring remunerative prices under which farmers do not require any concessions in future, according to Union Food and Agriculture Minister Sharad...
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Panel proposes UID-linked direct subsidy by Utpal Bhaskar
The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...
More »Grameen founder Muhammad Yunus in Bangladesh aid probe by Ethirajan Anbarasan
Norway says it is examining reports that Nobel Peace Laureate Muhammad Yunus allegedly diverted millions of dollars of aid money from a bank. International Development Minister Erik Solheim said that it was "totally unacceptable that aid is used for other purposes than intended". A documentary maker has alleged that cash was diverted from Professor Yunus' Grameen Bank to other parts of Grameen. In a statement, the bank said that the allegations were false. It...
More »25 years of Save Narmada Movement
Has Narmada Bachao Andolan (NBA), one of India’s best-known peoples’ movements, run out of steam? Or is it still relevant in its new avatar as a force to reckon with? After all, the NBA has failed to achieve its primary goal of blocking big dams on Narmada, including the Sardar Sarovar Dam in Gujarat. The short answer to the question of NBA’s achievement is that it has forced a paradigm...
More »Farmers stop repaying loans taken during 2008-2010 by KV Subramanya
Agricultural Debt Wavier and Debt Relief Scheme (ADWDRS-2008), which was introduced by the Union Government in 2008 to provide debt relief to farmers, has backfired in Chickballapur district. Under the belief that the Government would come out with a similar debt wavier/relief scheme in the future, a majority of farmers have stopped repaying fresh agricultural loans they have taken during 2008-09 and 2009-10, subsequent to the implementation of ADWDRS-2008. Thereby, many farmers,...
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