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State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names -Yogesh Sapkale

-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them.   SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...

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Rediscover the ragi -Diptimayee Jena and Srijit Mishra

-The Telegraph The Intergovernmental Panel on Climate Change has pointed out weather variations, global warming, and water scarcity can adversely affect food production Climate change and the agrarian crisis are intertwined. They are manifest in the threat to food and nutritional security. These challenges have been further aggravated by the pandemic, the war in Ukraine, and reduced global food production. The looming hunger crisis is especially potent for vulnerable populations living in...

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UP headed towards drought? Less than normal rainfall in 96% districts -Vivek Mishra and Aryan Kapoor

-Down to Earth Police stop farmers from using tube wells to irrigate their fields   India’s largest state, Uttar Pradesh, appears headed for a drought. Seventy-two of its 75 districts (96 per cent) recorded ‘below normal’ rainfall till July 20, 2022, according to India Meteorological Department (IMD) data. Fifty-nine of the 75 districts recorded ‘extremely low’ rainfall. These districts are suffering a ‘large deficit’, which means they received less than 60 per cent...

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The cost of misrepresenting inflation -Pulapre Balakrishnan and M Parameswaran

-The Hindu The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged Globally, inflation is now the prime concern of governments, even as there is a speculation that a recession may not be far behind. In India, though, government agencies regularly announce that the country is growing at a much faster rate than most economies and presently assert that inflation is much lower. The growth performance is not so...

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In MP’s fertile Narmadapuram, fertiliser overuse is hurting soil quality and wheat production -Rakesh Kumar Malviya

-Mongabay India/ Scroll.in data from the state’s agriculture department shows that the production of wheat in the region has remained stagnant in the last four years. Rahul Singh Tomar is a farmer at Raisalpur village in the Narmadapuram district of Madhya Pradesh. The village is part of the Narmada valley and is famous for the fertile black soil that yields high-quality wheat. “The soil in our village is different,” Tomar told Mongabay-India. “Crops...

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