Investigation into the attempted Suicide by five members of a farmer’s family in Sanand on Monday has revealed that the main accused, a land dealer and an advocate, is related to the family, the police said a day later. Mansinh Sandhav, his sons Kalusinh and Hamir, and daughters-in-law Jatan Kalu Mansinh and Leela Hamir Mansinh had consumed pesticide in Vikramsinh Solanki’s house after the latter refused to give back their land....
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2,639 Orissa farmers committed Suicide in ten years
A total of 2,639 farmers killed themselves in Orissa in the past ten years, the state's Agriculture Minister Damodar Rout said Tuesday. He also claimed that none of the Suicides was due to farm related problems or crop loss. The farmers killed themselves mostly due to personal problems and family disputes, he told the state assembly. Of the total deaths, 2,575 committed Suicide between 2000 and 2008. The remaining 64 deaths took...
More »5 of farmer’s family attempt Suicide to reclaim land
Five members of a farmer’s family attempted Suicide at a land dealer’s residence in Dodar village of Sanand taluka of Ahmedabad district by consuming pesticide, on Monday. The family has alleged that the land dealer, Vikram Fulabhai Solanki, an advocate, had duped them of their farmland spread over 15 bighas worth over Rs 5 crore, which he had refused to return. The five have been identified as Mansinh Ramu Sandhav (70), Kalusinh...
More »Isaac hints at law to curb microfinancing
Finance Minister T.M. Thomas Isaac has said the State government may push a legislation to regulate lending by microfinance institutions. Addressing a press conference here on Sunday, he pointed out the relevance of the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Bill, 2010. “The entry of the Janasree Sustainable Development Mission into the microfinance sector poses a risk. Leader of the Opposition Oommen Chandy should clarify his stand on the risk...
More »ADB plans to set up $250 mn guarantee fund for microfinance by Aveek Datta and Anup Roy
India’s microfinance institutions (MFIs), under pressure because of stricter rules in their largest market Andhra Pradesh and the consequent slump in repayments there, may get a boost from the Asian Development Bank (ADB). ADB is constituting a $250 million (around Rs1,135 crore) facility to offer guarantees against loans to MFIs extended by banks in the Asia-Pacific region where it operates, including India. The move is aimed at encouraging banks to lend...
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