-PTI New Delhi: Heads of 11-state owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into ‘Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions’. Top officials of IDBI...
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3 months after selling chana, farmers yet to get dues -Ramu Bhagwat
-The Times of India NAGPUR: As apprehended, the already distressed Vidarbha farmers are facing a severe cash crunch because of government apathy on three fronts. First, payments for tur and chana procured at MSP have been delayed. Then roll-out of loan waiver has been total mess and could not be completed a year after its announcement. Now, nationalized banks are reluctant to provide crop loans. With rains having arrived, farmers are running...
More »An adviser with nobody to advise -TCA Sharad Raghavan
-The Hindu Arvind Subramanian brought heft and pizzazz to his role as CEA — but who was listening? Arvind Subramanian has had quite a paradoxical tenure as the Chief Economic Adviser (CEA) to the Finance Minister. While he brought a lot of pizzazz and heft back to the usually staid Economic Surveys and lent his voice to a number of pressing economic issues, the government repeatedly failed to heed his advice or...
More »Tenant farmers bear the brunt of agri distress -KV Kurmanath
-The Hindu Business Line Most suicides among landless and marginal farmers Hyderabad: Tenant farmers and cotton growers in Telangana are under severe distress according to a survey of farm families whose bread winner committed suicide. About 75 per cent of the suicide were by tenant farmers and 81 per cent of them were cotton growers. The survey by the Rythu Swarajya Vedika and a group of students from Tata Institute of Social Sciences (TISS)...
More »India has not published data on farmer suicides for the last two years -Abhishek Dey
-Scroll.in National Crime Records Bureau director Ish Kumar said that the data is under scrutiny and the report for 2016 is likely to be published later in June. The suicide of several farmers across India in the past month has put the spotlight on an issue that has plagued the country for several years. In May, at least six farmers committed suicide in Rajasthan and Madhya Pradesh, reportedly for reasons that...
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