-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...
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Farmers and others -Christophe Jaffrelot
-The Indian Express Will the kisan take care of interests of landless peasants as well? In the aftermath of the demonstrations by farmers in the name of agricultural prices and loan waiving, it is important to remember that village India also comprises of landless peasants who have nothing to sell on the market and have never gone to a bank. Their condition has deteriorated, too, as a result not only of the...
More »Chhattisgarh CM Bhupesh Baghel waives farm loans, orders SIT probe into Bastar massacre -Joseph John
-The Times of India RAIPUR: Chhattisgarh chief minister Bhupesh Baghel on Monday announced to waive farm loans to the tune of Rs 6,100 crore of more than 16 lakh farmers and also decided to set up a Special Investigation Team (SIT) to probe the deadly maoist attack in Bastar. Addressing his maiden press conference after the swearing-in ceremony and subsequent first cabinet meeting, Baghel said it has been decided to waive off...
More »Bank credit: is it growing, and where's it going? -Aarati Krishnan
-NDTV Lenders have loosened purse strings, but some sectors are monopolising Bank Loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut....
More »Promising the moon, but will they deliver?
-Livemint.com Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn’t well in India’s hinterland. An analysis of the poll results in these three states show that the...
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