-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
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World Environment Day: Despite increasing green cover, India is losing its forests -Malavika Vyawahare
-Hindustan Times Between 1880 and 2013 India lost about 40% of its forest cover. Today, 24% of its area is under forests or 7 lakh sq km, according to government data. The area under forest and tree cover has grown by 5,081 sq km between 2013 and 2015. “Do not erect a memorial when I die, but plant a tree if you loved and respected me,” Union environment minister Anil Madhav Dave...
More »Devendra Fadnavis waives farm loans of Rs 30,000 crore, but protests spread -Shubhangi Khapre & Parthasarathi Biswas
-The Indian Express Devendra Fadnavis said, “The loan waiver, which will come into force by October 31, 2017, will be restricted to small and marginal farmers with Land holdings of five acres.” Pune: In the face of spiralling protests across Maharashtra, Chief Minister Devendra Fadnavis on Saturday announced a farm loan waiver of Rs 30,000 crore, the biggest such write-off for farmers in the state. But by afternoon, it was clear that...
More »Indigenous community in Dang fights for Land rights -Gajanan Khergamker
-VillageSquare.in The people of Navagam village in Dang district of Gujarat have said they would boycott upcoming assembly polls if the government does not resolve the long pending issue of Land and house titles Dang (Gujarat): The 1,300 residents of Navagam village in Gujarat’s Dang district, an ethnic people living adjacent to Saputara, the state’s only hill station, are up in arms over their demand for Land and rights in an area...
More »Shame of unpaid debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in debt: narratives of agrarian distress and farmer suicides”, conducted by researchers at Shiv Nadar...
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