-The Times of India AURANGABAD: With the worsening drought situation in the region, farmer suicides continue unabated this year. About 300 farmers have taken their lives since January this year. The highest number (83) of farmer suicides has been reported from Beed district, followed by Nanded with 55 deaths and Osmanabad with 50 cases. Last year, a total of 569 farmers in the region had taken their lives. Osmanabad is one of the...
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Rural stress affects farmers even in prosperous states -Mayank Mishra
-Business Standard Greater adoption of cash crops combined with a collapse in the prices of agri-commodities has led farmers to the brink in major agricultural areas According to the National Crime Record Bureau (NCRB) data, nearly 64 per cent of all farmer suicides in the country in 2013 took place in the four states of Maharashtra, Karnataka, Andhra Pradesh and Kerala, raising the question: why is rural stress resulting in farmer suicides...
More »Too early to say deficit monsoon to hit rural lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
More »Green No More -NK Bhoopesh
-Tehelka In these times of agrarian distress, NK Bhoopesh revisits the ‘revolution’ that changed Indian agriculture The growing number of farmer suicides across the country has punched holes in the dominant narrative of India’s rise as a global economic power articulated ad nauseum by big business, mainstream politicians and the corporate media. It has also put a question mark on another familiar tale: that the green revolution introduced in the 1960s was...
More »Low rainfall may affect bank non-performing assets
-Livemint.com/ India Ratings Report by India Ratings & Research Non-performing loan ratio of agriculture loan portfolio could double for some banks The asset quality of India’s agricultural credit could be significantly affected by crop damage due to untimely hail and rain in March, according to India Ratings and Research. The non-performing loan (NPL) ratio of the agriculture loan portfolio could double for some banks, though the reduction of overall return on average assets...
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