-The Hindu Business line Distressed farmers are demanding Loan waivers, but that should not deflect focus from what needs to be done and undone to address the root cause of the agrarian crisis The farmers’ unrest across the country, and particularly across several BJP-ruled States, appears to have caught the central government by surprise. But it should really not have done so. Ever since candidate Narendra Modi in 2014 promised the farmers...
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The roots of rural distress -Manas Chakravarty
-Livemint.com Forgiving farm loans is no solution. The data shows there’s a far more fundamental problem—most agricultural households are unable to keep body and soul together. There’s nothing new about rural distress. Nor is it surprising. If the income of almost 70% of farm households is less than their consumption expenditure, according to the government’s own data, then it’s obvious they’ll be “distressed”. Yet that’s the inescapable conclusion from the National Sample...
More »If the fury fragments -Suhas Palshikar
-The Indian Express Farmers’ protests threaten the BJP’s rise. But local character, lack of ideological vision limit their potential. The protests by farmers in Maharashtra and Madhya Pradesh should not be seen in isolation. Besides the political economy of these protests, the implications for competitive politics are going to be complex. In order to appreciate these implications, the farmers’ protests need to be situated in the larger backdrop — despite the...
More »Punjab 3rd state to waive farm loans, to take Rs 24,000 crore hit
-The Times of India CHANDIGARH: The farm Loan waiver fever is spreading across the country, threatening to place a huge additional burden on the already creaking finances of state governments. On Monday, Punjab became the third state this year — after UP and Maharashtra — to announce a total waiver of all crop loans up to Rs 2 lakh for small and marginal farmers (up to 5 acres) and a flat Rs...
More »Punjab waives crop loan of up to Rs 2 lakh for small farmers -Gurpreet Singh Nibber
-Hindustan Times The government plans to cover 10.25 lakh farmers in its waiver scheme, and simple calculation says it involves Rs 20,500 crore. The state has 18 lakh farmers. Of the total, therefore, 56% farmers would be covered. Chandigarh: Punjab chief minister Captain Amarinder Singh on Monday announced crop Loan waiver of up to Rs 2 lakh for farmers who own up to 5 acres of agriculture land and a flat relief...
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