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Fields of Despair -Sutapa Deb

-NDTV There is the reality of a farmer's suicide and then there are versions of this reality. Whether you choose to accept the farmer's context of poverty, debt and extreme risk, or deny it, often depends on the class and profession you belong to. Fields pockmarked with brown mounds create a surreal setting. At least nine suicides by farmers have been linked to the crisis in West Bengal's potato belt. Farmers have...

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A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee

-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...

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The Centre asks Bankers to Restructure Crop Loans and Insurance

-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...

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No slowdown in bank lending to agriculture sector -Radhika Merwin

-The Hindu Business Line This is result of lacklustre credit growth to India Inc and tough priority sector lending norms Credit growth in the banking system continues to languish below the 10 per cent mark, far lower than the 14 per cent seen a year back. But there is one segment that has managed to grow faster than last year - loans to the agriculture sector. These grew 16.5 per cent in...

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Why our farmers urgently need help -Devinder Sharma

-DNA Broken promises apart, a regular income for farmers is extremely essential There is trouble on the farm front. With untimely rains accompanied by hailstorms and strong winds showing no signs of relenting, further deepening the prevailing agrarian crisis; and with the spate of farmer suicides on the rise, agriculture faces its worst-ever crisis. While the rising number of farmer suicides is only a reflection of how fragile the agrarian economy...

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