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A double-edge sword for farmers -- Loan waivers shrink credit supply to the farm sector -Kushankur Dey

-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...

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The safety net of the future -Pranab Bardhan

-The Indian Express Insecurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large sections of those even much above that line are subject to...

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RTI activists living dangerously in Bihar -Amarnath Tewary

-The Hindu 2018 alone has seen the death of five petitioners Patna: While the recent brazen murders of businessmen and a bank official in Bihar has caught media Attention, the State is equally dangerous for Right to Information (RTI) activists, with five of them been killed in 2018 alone. The latest victim was Bhola Sah. Mr. Sah, who was supervising the construction of his house in Banarjhop village in Banka district, was asked...

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How Can We Understand India's Agrarian Struggle Beyond 'Modi Sarkar Murdabad'? -Alf Gunvald Nilsen

-Economic and Political Weekly India is witnessing a new wave of agrarian protest. Grounded in a deep crisis in the country's agricultural sector, these protests express a deep sense of disappointment in the economic policies of the Modi regime. This article discusses how the new agrarian struggle should be understood as a symptom of the disintegration of the Modi regime's project of authoritarian populism. However, the author proposes that addressing India's...

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Water woes -Michael Kugelman

-The Hindu They will soon become more than just a political liability The BJP’s poor performance in the recent Assembly elections underscores the extent of India’s agrarian distress and the political cost of failing to address it. The root cause of the Indian farmer’s woes is water shortage. Yet, barring policy interventions, this problem will only worsen — to the point that it will become far more serious than a mere political...

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