-GoI Monitor The NPAs have risen to Rs 10 lakh crore and farm loans make a very small portion of it. Will the recent RBI actions help? THE RESERVE Bank of India (RBI) has decided to act against 12 big corporates responsible for 25 per cent of the Rs 10 lakh-crore non-performing assets (NPAs) in Indian banks. However, despite Supreme Court's order in 2015, the RBI has refused to make the list...
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Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »India Owes a Debt to Its Farmers -Yogendra Yadav
-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
More »New crop of leaders -Rasheed Kidwai
-The Telegraph Bhopal: The turbaned, white-haired, kurta-dhoti-wearing "Tauji" figures are there too, but one outstanding feature of the current farmer agitation in Madhya Pradesh are its jeans-clad, smartphone-wielding spearheads. If the veteran "Kakkaji" Shiv Kumar Sharma is the public face of the movement, which lacks a central leadership, much of the spadework is being done by a band of young, bilingual, stats-savvy and largely apolitical agriculture graduates. Their leader Kedar Sirohi, who is...
More »Parched in Tamil Nadu's rice bowl -Avik Saha & Yogendra Yadav
-The Hindu Business Line In the Cauvery delta’s worst drought in 140 years, a padyatra brings home the harsh realities of how Tamil farmers are living on the edge and what sustains their resilience A farmer sells his sugar cane to the local public sector sugar mill, where he is mandated to sell his crop. Instead of paying, the factory hands him a slip of paper. Eighteen months pass by and he...
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