-Tehelka If a house can be insured against natural disaster, why can't a crop field? There is nothing more gruesome for any farmer than to see before his own eyes his lush green standing crop flattened by the vagaries of nature. All his hopes and aspirations from a bountiful harvest are grounded in a matter of few minutes. Not only the crop, but his life too is flattened. As many as 24...
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Madhya Pradesh: Many farmers commit suicide over crop failure -Anup Dutta
-India Today Failure of crops and debt are wreaking havoc in the lives of farmers of Madhya Pradesh. In the last two weeks, there has been a sudden spurt in the number of suicides committed by the debt-ridden farmers in Bhopal, Sehore, Damoh, Tikamgarh, Chhattarpur, Bhind, Sagar, Ashok Nagar, Guna and Betul districts. Since March 1, nearly two dozen farmers committed suicide in the state; in the last 72 hours two...
More »Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008
-Press Information Bureau (Ministry of Finance) Loan waiver to farmers was provided by the Central Government under Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the scheme, direct agricultural loans disbursed by Scheduled Commercial Banks, Local Area Banks, Cooperative Credit Institutions and Regional Rural Banks between 1st April, 1997 to 31st March, 2007 to farmers, which were overdue as on 31st December, 2007 and remained unpaid upto 29th February, 2008...
More »Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha
-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
More »PAC Picks Holes in UPA's Debt Waiver Scheme
-Outlook A parliamentary committee has picked holes in the ambitious agriculture debt waiver and Debt Relief scheme of the UPA government saying it could not achieve its goals due to a variety of reasons including violation of guidelines and poor monitoring. Parliament's Public Accounts Committee (PAC) in its draft report on the scheme said there was a "flagrant display of financial and administrative indiscipline by the Department of Financial Services (of the...
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