-Livemint.com The average annual income of agricultural households was Rs 107,172, the National Financial Inclusion Survey 2016-17 shows New Delhi: Rural households have access to banking and have savings but investment levels and pension and insurance coverage remain very low, a financial inclusion survey conducted by the National Bank for Agriculture and Rural Development (Nabard) showed. At the same time, levels of indebtedness were high and nearly equalled annual incomes, according to...
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Farmer suicides continue unabated despite PM Modi's tall promises
-National Herald Last year, Centre had informed the Supreme Court that despite a multi-pronged approach to improve income and social security of farmers, over 12,000 suicides were reported in the agricultural sector every year since 2013 Over the last 48 hours, at least 24 debt ridden farmers have committed suicide. The Marathwada region in Maharashtra has alone witnessed 452 instances of suicide in the first half of 2018 Despite announcements of loan waivers...
More »Cash crunch continues in many states, but banks say situation improving
-Hindustan Times Empty ATMs and complaints reported from Patna to Haridwar. ATMs in Bihar, Madhya Pradesh, Uttarakhand and Gujarat ran empty on Wednesday, but banks said cash flow had improved a day after people in many parts of India struggled to get money in their hands. Public lenders State Bank of India (SBI), Punjab National Bank, Canara Bank and privately owned Axis Bank said in separate statements that only few of their ATMs...
More »The politics of loan waivers: Deep despair of Punjab's excluded farmers -Prabhjit Singh
-Hindustan Times Lip service: Amarinder Singh sought votes on the promise of a waiver, but now faces heat as more than half the state’s farmers have been left out of the scheme. Bathinda: The weather-beaten face of Rajpal Singh shows signs of anxiety as he stands in one corner of his eight-acre farmland in Punjab’s Bathinda, surveying the standing wheat crop that is almost ready for harvest. Singh might get a reasonable price...
More »Budget is depressive, will lead to more farmer suicides: Experts -Anju Agnihotri Chaba
-The Indian Express Sukhdev Singh Kokari Kalan, general secretary of BKU (Ugrahan), said that Captain Amarinder Singh had not fulfilled his promise and the policies he is bringing in the budget is ‘suicidal’ for the farmers. Jalandhar: The farming community, which is under acute depression due to long goining agrarian crisis, were left disappointed as the Congress government in Punjab announced its second budget Saturday. Experts and farmers of Punjab have...
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