-Livemint.com * A field report from the agriculturally prosperous heartland reveals a lacklustre festival of lights * Delay in farm loan waivers has worsened farmers’ credit score. So, financiers are unwilling to advance new Loans to them for buying farm equipment SRI GANGANAGAR: "How are you going to celebrate Diwali?" My question gets Roopa Ram, an elderly farmer, so amused that he thinks it’s important to do some explaining to a reporter from...
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Ethanol policy for millers -- farmers left high and dry -Raju Shetti
-The Indian Express More than 90 per cent of the cane returns are spent by farmers. as cultivation cost and for repayment of crop Loans. So how would these farmers survive for a year or more without receiving their entire produce amount by a sugar mill? The sugar industry was unanimous in hailing the push given by the Narendra Modi government for the production of ethanol. The policy, which was unveiled...
More »Govt pushes zero budget farming; farmers, experts say no road map in place -Anju Agnihotri Chaba
-The Indian Express The government claims that if input cost is decreased, farmers will not need to take Loans and with zero inputs, they will only earn from their crops without spending anything. Jalandhar: THE PUNJAB government has asked agriculture offices across all 22 districts to register 150 farmers each for ‘zero budget natural farming’ to mark the 150th birth anniversary of Mahatma Gandhi, after getting a letter from the Centre...
More »Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
More »RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy Loans...
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