-Macroscan.com Dr. Rajan's criticism of the debt-waiver scheme for farmers underscores the fact that 'social banking" gets progressively eliminated in the era of neo-liberalism. Please click here to read more. * This article was originally published in the People's Democracy, Vol. XXXIX No. 01, January 04, 2015. ...
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Small and marginal farmers in distress -R Ramakumar and Aparajita Bakshi
-The Hans India It is official now. New data released by the National Sample Survey Organisation (NSSO) for 2013 show that the agrarian distress in rural India is continuing, and even intensifying for small and marginal farmers. In the last decade, there has been much talk on inclusive growth, revival of growth rates in agriculture, higher public investment in agriculture and the doubling of agricultural credit. Yet, the new data show...
More »Intelligence Bureau raises red flag on farmer suicides in its report to PMO -Aman Sharma
-The Economic Times NEW DELHI: The Intelligence Bureau has termed loan waiver and relief packages for distressed farmers as "short-term" measures and said the issue of farmer suicides needs a comprehensive solution. In a report to the Prime Minister's Office last week, the IB said farmer suicide is on a rise in Maharashtra, Telangana, Karnataka and Punjab. It also pointed to suicides by debt-ridden farmers in Gujarat, UP and Tamil Nadu...
More »Farmer suicides PIL: Supreme Court asks centre, state government to file responses -Prabhati Nayak Mishra
-DNA Concerned about the increasing numbers of farmer suicides in Maharashtra's drought-hit areas, the Supreme Court on Thursday sought a response from the centre and state on a PIL seeking compensation of Rs 25,000 per hectare to the farmers whose crops have failed. The bench headed by chief justice of India H L Dattu sought their response on the PIL filed by Rakesh Uttamchandra Upadhyay, a lawyer, highlighting the plight of the...
More »No need to repay for India’s biggest farmers as debt traps poor -Adi Narayan
-Livemint Every time a waiver is done, it diverts access to credit and shrinks credit availability, says RBI governor Raghuram Rajan Mumbai: Vattikuti Prasad grows rice, bananas and sugar cane on his farm as big as 27 football fields in a part of southeastern India where most farmers own plots the size of just one. He has two homes, including a four-bedroom house he rents out in a nearby town. This year...
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