If present political trends and shifts in Andhra Pradesh intensify, the State could see an election within a year. And not just over Telangana. When Chandrababu Naidu sits on a hunger fast for suffering farmers, you know something is afoot in Andhra Pradesh. Excessive rains have devastated the crops in the State. And losses have been enormous. But a farmer losing over Rs.15,000 on an acre of paddy will get less...

After Andhra Pradesh, damaged crops coupled with the fear of defaulting on loan repayment has come to haunt growers in Madhya Pradesh. In the first case of suicide by a farmer in the state in recent times, a 35-year-old agriculturist of Harrai village in Damoh district ended his life by consuming insecticide on Wednesday. Nandlal Yadav, the farmer, was depressed after the failure of two successive crops. In Andhra Pradesh,...

A man, crawling on all fours, is searching for something under a tree on a hot summer’s day. A curious passerby stops and asks: “What are you looking for?” The man replies: “I’ve lost my watch.” The passerby asks: “Are you sure it fell near this tree?” The answer: “It’s cooler looking in the shade”.Governments work something like this. They do what they think is easier to do rather than...

Agricultural Debt Wavier and Debt Relief Scheme (ADWDRS-2008), which was introduced by the Union Government in 2008 to provide debt relief to farmers, has backfired in Chickballapur district. Under the belief that the Government would come out with a similar debt wavier/relief scheme in the future, a majority of farmers have stopped repaying fresh agricultural loans they have taken during 2008-09 and 2009-10, subsequent to the implementation of ADWDRS-2008. Thereby, many farmers,...

The government proposes to introduce a bill to regulate microfinance institutions (MFIs), accused of aggressive loan recovery practices, minister of state for finance Namo Narain Meena said on Tuesday. The move follows tight scrutiny of the fast-growing, largely unregulated, small loans sector after fears of large-scale defaults due to high interest rates and reports of suicides due to mounting debt. “The Department of Financial Services proposes to introduce the Micro Finance (Development...