-IndiaSpend.org The failing economics of such farms–agricultural households in the south are most indebted–are exacerbated by additional loans that families take to meet health issues, leaving them with diminished ability to invest in farming. Nearly 70% of India’s 90 million agricultural households spend more than they earn on average each month, pushing them towards debt, which is now the primary reason in more than half of all suicides by farmers nationwide,...
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Middle Earth Moguls -Pragya Singh
-Outlook Good monsoon or bad, glut or drought, boom or bust...it’s always fair weather for the range of middlemen who come between the farmer and consumer. An anatomy of the trade. One of the axioms of logic is called the Law of the Excluded Middle. Something has to be either true or false—there’s no middle ground. As we all know, economics works a bit differently. Facts can be fickle, data pliable, and...
More »Rs 34,000cr loan waiver
-PTI/ The Telegraph Mumbai: The BJP-led Maharashtra government today unveiled a Rs 34,020-crore farm loan waiver scheme, under which debt of up to Rs 1.5 lakh each will be written off, making 40 lakh farmers debt-free and providing relief to 49 lakh others. Chief minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country. He said all BJP ministers and legislators would contribute a month's salary towards the...
More »In 'prosperous' Punjab, farmers battle uncertainty, rising costs of production -Manraj Grewal Sharma
-Hindustan Times Fatehgarh Sahib: He owns four acres of land, farms 20 acres more on lease, and has a debt of Rs 10 lakh. Gurmukh Singh, 44, is one of better-to-do farmers of Pandrali, a quiet, well-groomed village in Fatehgarh Sahib district with several newly-built houses, smooth streets and girls on scooters. It’s a picture that could well be captioned ‘prosperous Punjab’. But the genteel façade hides the struggles of the...
More »How farm loan waivers can actually benefit the economy -Charan Singh
-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed money for production of...
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