-The Hindu A NABARD survey says middlemen funded by banks have kept growers captive to high-interest loans Jammu: Kashmir's acres of undulating apple orchards may soon be waste lands, a survey by the National Bank for Agriculture and Rural Development (NABARD) accessed by The Hindu shows. The Rs. 4,000-crore industry has been brought to its knees by a network of middle-order market functionaries comprising pre-harvest contractors (PHCs), commission agents (CAs) and wholesalers...
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Kisan Credit Cards: Bad loan bubble waiting to burst?-Dinesh Unnikrishnan
-Live Mint Subsidized loans given to farmers through KCCs could very well be the next big source of NPAs for banks Mumbai: A surge in exposure to farm debt through Kisan Credit Cards (KCCs) could emerge as a risk for India's state-run banks, according to experts. Subsidized loans are given to farmers through KCCs by state-owned banks. Until March 2012, the outstanding amount on such loans was`1.6 trillion through 20.3 million cards, as...
More »Man-made drought
-The Business Standard Politics means sugarcane gets Maharashtra's scarce water The drought in a large part of Maharashtra, said to be the worst since 1972, may have been triggered by poor rainfall in the last monsoon season - but it has been compounded by mismanagement of the available water. Nearly one-third of the state's population living in the 15 drought-hit districts in and around the Marathwada region is facing a severe scarcity...
More »Alphabetical order to discrimination-Sanjay Srivastava
-The Hindu Considering the knowledge of English as a mark of social advancement and that of the vernacular as backwardness disenfranchises significant sections of society In a village in Ghazipur district that borders Varanasi, there is a young man who teaches English and "personality development" to the sons and daughters of local shopkeepers, farmers and truck drivers. The classes are held from 6 to 8 in the morning and again in the...
More »Punjab facing stagnancy in agriculture: State's Economic Survey-Vijay C Roy
-The Business Standard According to Economic Survey of the state, contribution of primary sector in the GDP of state is continuously declining since 2004-05 Having distinction of being the pioneer of Green Revolution, Punjab is facing stagnancy in agriculture production and constant decline in primary sector's share in state GSDP. According to Economic Survey of the state, contribution of primary sector(which comprises mainly agriculture and allied activities) in the GDP of state...
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