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Beware of illegal digital lending apps: RBI

-The Hindu Advisory in the backdrop of suicides in Telangana Hyderabad: The Reserve Bank of India has advised public to be wary of unauthorised digital lending platforms and mobile apps. Taking note of reports about individuals and small businesses falling prey to a growing number of unauthorised digital lending platforms/mobile apps, the central bank on Wednesday said “members of public are cautioned not to fall prey to such unscrupulous activities.” It urged them...

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By amending Model Mandi Act, MP has pushed its agricultural sector into throes of uncertainty -Sunit Arora

-The Indian Express The state has posted high growth rates in the agricultural sector in recent years, but the growth has been skewed in favour of the state's irrigated parts and a small number of crops. Madhya Pradesh is primarily an agricultural state. One third of its gross state domestic product comes from this sector, half of the state’s area is used for cultivation, and 70 per cent of the total workers...

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Ensure no trading takes place below MSP -Devinder Sharma

-The Tribune With APMC markets heading towards a collapse, the new set of reforms is aimed at encouraging corporatisation, with big business moving into agriculture, storage and marketing. As the experience of US/Europe shows, when unregulated markets become dominant, small farmers are the first to be pushed out of agriculture. Reiterating what former US Agriculture Secretary Earl Butz (during Ronald Reagan’s rule) had declared: “Get big or get out,” Sonny Perdue, US...

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Steady rise in share of daily-wagers in suicides, 23% in 2019 -Harikishan Sharma

-The Indian Express At nearly a quarter of the suicides, or 32,563 of the total 1,39,123, the daily-wage earners comprised the largest chunk of such deaths recorded by the National Crime Records Bureau (NCRB) last year The share of daily-wage earners among those who died by suicide has been steadily rising, doubling to 23.4 per cent in 2019 as compared to six years before. At nearly a quarter of the suicides, or 32,563...

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Farmer Suicides in Maharashtra, 2001-2018: Trends across Marathwada and Vidarbha -Dnyandev Talule

-Economic and Political Weekly Farmer suicides are an unfortunate result of the agrarian distress plaguing the rural economy of many states of the country. Marathwada and Vidarbha regions in Maharashtra have recorded very high numbers of farmer suicides, and an attempt to calculate the number of suicides and the suicide mortality rate is the first step towards gaining an in-depth understanding of the prevalence and seriousness of the issue. An analysis...

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