-GoI Monitor The NPAs have risen to Rs 10 lakh crore and farm loans make a very small portion of it. Will the recent RBI actions help? THE RESERVE Bank of India (RBI) has decided to act against 12 big corporates responsible for 25 per cent of the Rs 10 lakh-crore non-performing assets (NPAs) in Indian Banks. However, despite Supreme Court's order in 2015, the RBI has refused to make the list...
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How farm loan waivers can actually benefit the economy -Charan Singh
-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The Banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help Bankers to renew the loans, and farmers can use the borrowed money for production of...
More »Encourage ryots to take multi-variety crops: Scientist
-The Times of India NAGPUR: Farmers in Vidarbha should be encouraged to cultivate a variety of crops so that they could get a bigger market for their produce. In addition to this, promotion of organic farming will help in increasing the yield and curb farmers' suicides, said Vandana Shiva, a well-known scientist and environmentalist, on Wednesday. Addressing a press conference at Tilak Patrakar Bhavan, Shiva said, "Farmers and citizens of our country...
More »Government Allows Co-Operative Banks To Deposit Old Notes With RBI -Abhishek Vasudev
-NDTV Profit The relaxation comes against the backdrop of reports that many district co-operative Banks did not have enough cash to disburse to farmers. The Finance Ministry on Tuesday allowed Banks, post offices and district central cooperative Banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange the value of notes deposit with the new notes. In an official notification...
More »With No Water and Many Loans, Farmers' Deaths Are Rising in Tamil Nadu -Jaideep Hardikar
-TheWire.in While suicides and shock deaths have seen a sudden spike in Tamil Nadu’s Cauvery delta region, the government does not believe the drought is the cause and is continuing to direct water away from rural areas. From the Banks of the Kollidam river, S. Selvaraju’s farm is barely a mile away. The huge river, actually a tributary of the Cauvery that drains its surplus water into the sea, runs along the village...
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