-The Indian Express More than 90 per cent of the cane returns are spent by farmers. as cultivation cost and for repayment of crop loans. So how would these farmers survive for a year or more without receiving their entire produce amount by a sugar mill? The sugar industry was unanimous in hailing the push given by the Narendra Modi government for the production of ethanol. The policy, which was unveiled...
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Buying homes to get cheaper for govt employees as FM reduces interest on house-building advance
-News18.com House-building advance is available to central and state government employees for constructing a new house on a plot owned by the employee or jointly with the spouse. The scheme can also be availed while buying a new house or flat. New Delhi: In a bid to boost the housing sector, Finance Minister Nirmala Sitharaman on Saturday announced reduction in interest rates on house-building advance and linking to 10-year government securities yields. The...
More »Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
More »Explained: Why kurki ban on farm land is not working in Punjab villages -Anju Agnihotri Chaba
-The Indian Express Kurki is attachment of farmers’ land by banks or arhtiyas/sahukars/traders (commission agents and private money lenders) in the event of non-payment of loan or debt. Two years after Punjab government notified a ban on kurkis or attachment of farmers’ land by banks in the event of their defaulting on loan payments, several such cases are taking place daily across districts in the state’s Malwa region. Here’s why. * What...
More »Defaulting Punjab farmers face jail as banks file criminal cases -Anju Agnihotri Chaba
-The Indian Express All the farmers who faced criminal action for defaulting on loans say they were made to sign on blank cheques. “If you write about our plight, will the government stop banks from sending us to jail?,” asks Ujagar Singh. The 60-year-old from Jhumba village in Bathinda district is among scores of Punjab farmers who have been convicted or are facing trial in criminal cases of cheque-bouncing filed by banks...
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