-Down to Earth Farmer suicides have increased significantly and doubled in some regions where weather extremities incurred heavy losses Farmer suicides in the Nanded district of Maharashtra’s Marathwada more than doubled since incessant rains caused severe crop damage in the region. The suicide cases in Nanded jumped to 26 in August from eight in July, according to official estimates. The total number of farmer suicides reported from the district in 2022 stood at 93...

-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised interest rates to curb inflation. The rationale behind raising interest rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...

-The Telegraph Drought-like situation prompts the state to widen reach Jamshedpur: Jharkhand, staring at a drought-like situation, has set an ambitious target of linking 25 lakh farmers with the Kisan Credit Card (KCC) scheme by March 2023. The Kisan Credit Card (KCC) loan is available to farmers at a seven per cent interest rate, with a waiver of three per cent of the interest by the Centre, when the loan is repaid within...

-The Hindu Business Line The Centre should build on the success of PMJDY to promote other financial products for the lower sections of society As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes its eighth year, it is becoming increasingly clear that this is a rare State-initiated welfare scheme that has not just met but exceeded its initial promise. That the scheme has made a material difference to financial inclusion is evident...

-Deutsche Welle/ The Telegraph Financial burdens caused by climate change and government polices have led to an rise in the number of suicides among agricultural workers, experts say. The Maharashtra state has suffered more than most New Delhi: In India, over 600 farmers in the region of Marathwada, Maharashtra state, have died from suicide this year, according to official figures, with a majority of deaths blamed on rains that damaged thousands of...