-Livemint.com Narendra Modi’s election promise in Uttar Pradesh comes back to haunt as other states demand the Union govt offer an agriculture bailout package across the country New Delhi: An election promise to farmers in the politically sensitive state of Uttar Pradesh is coming back to haunt Prime Minister Narendra Modi, as other states demand the Union government offer an agriculture bailout package across the country. During the hard-fought election campaign, Modi pledged...
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Droughts, floods, and suicides: What Bihar can teach Maharashtra and other states -Sanjiv Phansalkar
-VillageSquare.in A deeper dive is needed to draw insights from the low prevalence of farmer suicides in Bihar than in more developed regions of India such as Maharashtra, Tamil Nadu, and Andhra Pradesh Suicide is among the most important antecedents of death in India, perhaps equaling, if not exceeding, road accidents. The better-developed and governed states of Kerala, Tamil Nadu, Puducherry and Andhra Pradesh show a higher incidence of suicides (number of...
More »Does the Banking System Really Want to Help Farmers? -Devinder Sharma
-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
More »Farm loan waiver is no solution for Indian agriculture
-Livemint.com In the case of repeated farm loan waivers, it makes sense for borrowers to default strategically Hope: The Narendra Modi government says it wants to double farm income by 2022 through the transformation of Indian agriculture. Reality: The political discourse continues to focus perversely on farm loan waivers. Here are some recent instances. The new Bharatiya Janata Party government in Uttar Pradesh is considering a farm loan waiver as promised in its election...
More »Farmers welcome debt waiver and wheat buy-back announcements -Sharmila Bhowmick
-The Times of India GREATER NOIDA: The farmer community of Greater Noida welcomed Chief Minister Yogi Adityanath's relief announcements in terms of debt waivers and buy back proposals of stacked up wheat produce. The twin announcements have given hope to the community which has been suffering under financial distress over last three years because of cash crunch and inclement crop damage. Adityanath's announcement of wheat purchase made yesterday at Gorakhpur came in...
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