-Gaon Connection While the central government continues to assure farmers that it will stand by the minimum support price of Rs 1,888 per quintal, farmers are being compelled to sell their paddy at Rs 1,200 a quintal or less. Jarnail Singh from Kabirganj in Pilibhit district in Uttar Pradesh has just returned from Paliya Mandi a dejected man. The 50-year-old was unable to sell his 250 quintals of ‘good quality’ paddy. “I...
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Farmers’ suicides highest in Maharashtra despite Loan waiver, reform measures
-The Indian Express In 2017, then Maharashtra chief minister Devendra Fadnavis announced the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojna, a farm Loan waiver of Rs 35,000 crore for 89 lakh farmers. Mumbai: DESPITE various farmer welfare schemes, including a Loan waiver in 2017, Maharashtra recorded 3,927 farmers’ suicide in 2019 — the highest in the country, which registered a total of 10,281 suicides in the farm sector last year, according to data...
More »Academics and CSOs from 87 countries call for an end to IMF's austerity drive so that countries can undertake fiscal measures for economic recovery
-Statement by over 500 organisations and academics from 87 countries against IMF's austerity drive, dated 6th October, 2020 More than 500 organisations and academics from 87 countries have issued a statement today calling on the International Monetary Fund (IMF) to stop promoting austerity and instead support policies that advance gender justice, reduce inequality, and put people and planet first. The IMF has already begun locking some countries into long term austerity-conditioned Loans,...
More »A fiscal crisis: Why FCI needs provisioning in food subsidy budget -Sandip Das
-Down to Earth Mounting expenses, under-provisioning of food subsidy budget leading to a huge debt is highly worrisome A fiscal crisis has been brewing in the last few years. Mounting food subsidy arrears — payable to the Food Corporation of India (FCI) due to ‘under-provisioning’ of food subsidy expenses in successive union budgets — has forced FCI to take Loans to finance its operations. FCI is the central agency that manages procurement, storage...
More »Denied Crop Loans, Maharashtra Farmers Go Back To Moneylenders -Parth MN
-IndiaSpend.com Mumbai: He delayed it as long as he could but when he realised that he had no other option, Pandurang Shinde, 33, swallowed his pride and asked his relatives for a Loan in June. “It is not the best feeling,” he said. “But I was running out of time. I borrowed Rs 50,000--I needed that money for the cropping season starting in June.” Crop Loans are critical for the agrarian cycle...
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