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Waiving loans doesn't end the distress -Rajalakshmi Nirmal

-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of farmers. Neither do they help kick-start the rural...

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Loan waiver leaves Indian farmers trapped in deadly debt spiral -Bibhudatta Pradhan & Pratik Parija

-Livemint.com Narendra Modi’s election promise in Uttar Pradesh comes back to haunt as other states demand the Union govt offer an agriculture Bailout package across the country New Delhi: An election promise to farmers in the politically sensitive state of Uttar Pradesh is coming back to haunt Prime Minister Narendra Modi, as other states demand the Union government offer an agriculture Bailout package across the country. During the hard-fought election campaign, Modi pledged...

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Farm loan waiver is no solution for Indian agriculture

-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...

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Retaining MGNREGA's core -Brinda Karat

-The Hindu Held to account by the Supreme Court, the Central government is using opaque methods to change the key provisions of the employment guarantee scheme and make it targeted instead of universal. There is a pithy saying in Hindi that the elephant has two sets of teeth, one for show and the other to eat. This seems an apt description of the approach of the Narendra Modi government towards the implementation...

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Second season of severe drought: Distress from dry spell in several states -Sowmya Aji

-The Economic Times The contiguous arid region of southern Maharashtra, Karnataka, western Telangana and Andhra Pradesh is facing a second season of severe drought, even as the rest of the country has managed to sow some crop in the October to December rabi season. Of the four states, Karnataka, with the second largest arid zone after Rajasthan, is the worst hit and has gone to the Centre seeking a Bailout of...

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