-Press Information Bureau (Ministry of Finance) Loan waiver to farmers was provided by the Central Government under Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. Under the scheme, direct agricultural loans disbursed by Scheduled Commercial Banks, Local Area Banks, Cooperative Credit Institutions and Regional Rural Banks between 1st April, 1997 to 31st March, 2007 to farmers, which were overdue as on 31st December, 2007 and remained unpaid upto 29th February, 2008...

-The Indian Express Families of some Punjab farmers who committed suicide get half the amount govt promised, many others yet to get any. Punjab: In March 2009, the Punjab government had cleared Rs 2 lakh as compensation to the families of every farmer who had committed suicide since 2000. This was also part of the ruling party's 2012 election manifesto. So far, however, the government has compensated only a section of them,...

-The Times of India NEW DELHI: The government has accepted before Parliament's Public Accounts Committee that the findings of the Comptroller and Auditor General on UPA's Rs 52,000 crore farm Debt Waiver scheme were correct. The auditor in its test check had discovered large-scale irregularities where undeserving farmers were given waiver benefit - at least one-third of the total disbursement were found questionable. On Thursday, the PAC will meet here to give...

-Outlook A parliamentary committee has picked holes in the ambitious agriculture debt waiver and debt relief scheme of the UPA government saying it could not achieve its goals due to a variety of reasons including violation of guidelines and poor monitoring. Parliament's Public Accounts Committee (PAC) in its draft report on the scheme said there was a "flagrant display of financial and administrative indiscipline by the Department of Financial Services (of the...

-The Times of India MUMBAI: Data collected by Reserve Bank of India over a period of one year blows the lid off what goes as loan classification in banks. In a presentation at the annual bankers' conference, RBI deputy governor K C Chakrabarty showed how banks have sacrificed over Rs 1 lakh crore by writing off bad loans to corporates, which is much higher than Union finance minister P Chidambaram's farm...