-The Hindu It is the Supreme Court and not Parliament that has found time to pay attention to serious issues of drought relief and mitigation for hundreds of millions of Indians Irony. This one word captures our response to the ongoing nationwide drought in more ways than one. We have woken up to the reality of drought a full six months after the end of monsoon. After waking up, we focus on...
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Chained to debt in life and death -A Narayanamoorthy and P Alli
-The Hindu Business Line The only way this story of the Indian farmer will change is if policymakers ensure better remuneration for them The peasant (in India) is born in debt, lives in debt, dies in debt and bequeaths debt. This is what Sir Malcolm Darling, a famous British researcher and writer, wrote in 1925 after studying the condition of undivided Punjab’s peasants. Had Darling been alive today he would have rephrased his...
More »Punjab foodgrain scam: Top bankers say could stop lending to state
-PTI The decision was taken by a consortium of banks which held a meeting in New Delhi. Some thirty odd bankers led by State Bank of India, which are staring at heavy losses to the tune of Rs 12,000 crore from the unfolding food scam in Punjab, on Monday discussed all options, including to stop lending to the state government. The decision was taken by a consortium of banks which held a meeting...
More »As India reels from drought, govt slammed for poor policies -Nirmala George
-Livemint.com/ AP Hundreds of millions of people in at least 13 states are reeling from severe drought, a situation that is expected to worsen in the coming months Shahapur: Shantabai Babulkar’s day begins before dawn with a 5 kilometer trek across barren fields and dusty scrubland to fetch water from a distant well for her family. The two metal pots of muddy water that Babulkar, 58, balances on her head and a...
More »Wake up, smell the leakage -Ashok Gulati & Prerna Terway
-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...
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