-The Hindu Over 17,260 persons in Uttar Pradesh get relief of just Rs. 1,000 or less Over 17,260 farmers in Uttar Pradesh have received loan waiver certificates for only Rs. 1,000 or less under a scheme in which the BJP government had promised to waive farm loans of up to Rs. 1 lakh. Of the 17,262 farmers, 4,814 got loan waivers of amounts between Rs. 1 and Rs. 100, while 6,895 received...
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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »Farm crisis may deepen as drought looms over 225 districts -Jatin Gandhi
-Hindustan Times Of the affected states are also those announced Farm Loan Waivers just months ago to bail out beleaguered farming community. With the southwest monsoon season about to end in less than three weeks’ time, the government’s drought warning system predicts there could be a drought in 225 districts across “17 agriculturally important states of India,” putting further strain on distressed agriculture sector. According to the government’s National Agriculture and Drought...
More »Over 4.5 million Maharashtra farmers enrol for farm loan waiver -Abhiram Ghadyalpatil
-Livemint.com 3.9 million of these 4.5 million Maharashtra farmers applied for Farm Loan Waivers online Mumbai: Even as opposition parties in Maharashtra continue to criticize the online procedure to identify the beneficiaries of farm loan waiver, farmers themselves have responded in large numbers to the initiative. By 30 August, more than 4.5 million farmers in the state had enrolled for the scheme and nearly 3.9 million of them had submitted their online...
More »South-west monsoon deficit could worsen farm distress -Sayantan Bera
-Livemint.com Rainfall in the entire country in August has seen a deficit of 23% so far, according to IMD data New Delhi: A patch of red signifying deficit rains, cutting across the length of India from Haryana in the north to Kerala in the south, is threatening to worsen farm distress, shows rainfall data from the India Meteorological Department (IMD). The June to September south-west monsoon which irrigates over half of India’s crop...
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