-The Indian Express There were 5,917 instances of bank fraud in 2017-18 as against 5,076 cases the previous year, show the data released Friday. Fraudsters have looted Rs 41,167.7 crore from the banking system in 2017-18, a sharp jump of 72 per cent from Rs 23,933 crore the previous year, despite “stringent monitoring and vigilance”, according to data released by the Reserve Bank of India (RBI). There were 5,917 instances of bank...

-The Economic Times The world is no stranger to farm debt crises like the one India is seeing today. Back in the 1980s, the Canadian parliament enacted a law to stop foreclosures on farm debt, after prices collapsed and interest rates jumped to as high as 24%. The law was in force for a dozen-odd years. It identified insolvent farmers, facilitated agreements between the borrowers and lenders, and helped some farmers move...

-Financial Express Farm loan waivers—of more than Rs 850 billion in FY18 and FY19, announced by various state governments—are the flavour of the season. This can affect credit offtake and induce further stress for Banks and amount to another agrarian crisis. Farm sector NPAs accounted for 16% of Banks’ advances under the priority sector lending in October 2018. Post the early waiver-announcements, credit growth in agriculture and allied activities has been...

-Livemint.com Thanks to the debt relief commission, 11,354 Kerala farmers have benefited from a disbursement of over ?11 crore, and there are no farmer suicides in the state Ernakulam/ Bengaluru: Back in 2006, Kerala came face to face with an explosive situation. Ironically in a state dominated by Communist politicians, farming was dominated by export-oriented cash crops such as rubber and pepper, prices of which had plunged in the global market. It...

-Hindustan Times In the discourse on agriculture, for instance, farmer suicides are cited as the biggest proof of the agrarian crisis in the country by a large section. India’s political economy discourse is often a prisoner of the dictum that when there is no theory, there is a conspiracy theory. Corruption, rather than an accentuated cyclical shock after the global financial crisis, combined with the poor governance structures in Indian...