-The Tribune With policy-backing, subsidies and availability of easy credit, farmers are being pushed to buy more machines. Punjab has five times more tractors than required. As more technological gadgets and machines are promoted, farmers are increasingly sucked into a Debt cycle, while equipment manufacturers are laughing all the way to the bank. At a time when farmers across the world are struggling to recover their cost of production, an Oxfam report...
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World lost 11.2 crore jobs in the first quarter of 2022: ILO -AM Jigeesh
-The Hindu Gender gap in India’s employment data finds mention in the report on the ‘world of work’ The "world of work" is being buffeted by multiple crises, says the ninth edition of the International Labour Organisation (ILO) Monitor. The report says that after significant gains during the last quarter of 2021, the number of hours worked globally dropped in the first quarter of 2022, to 3.8% below the employment situation before...
More »Food price inflation could have been avoided, says new IPES-Food report
-International Panel of Experts on Sustainable Food Systems (IPES-Food) How the failure to reform food systems has allowed the war in Ukraine to spark a third global food price crisis in 15 years, and what can be done to prevent the next one. With the invasion of Ukraine sparking a third food price crisis in 15 years, a new IPES-Food special report, ‘Another Perfect Storm?’ takes stock of the critical factors fanning...
More »Waterlogging pushes Haryana farmers to sell agricultural land, take up odd jobs -Sat Singh
-Mongabay.com - Perennial waterlogging in agricultural fields of Charkhi Dadri is making them uncultivable. Farmers are adopting alternate occupations or taking land on lease in other villages to continue farming. - While groundwater scarcity is a problem in many parts of North India, some 319 villages in Haryana have the opposite issue of waterlogging because of high groundwater levels. - Government interventions, saline water draining attempts and subsidies for crop diversification, along with...
More »Sri Lanka says it will default on its entire $51-billion external Debt
-Scroll.in It has come to a point that making Debt payments is impossible, the country’s central bank governor said. Crisis-hit Sri Lanka on Tuesday said it would default on its entire external Debt worth $51 billion (over Rs 3.88 lakh crore) till it receives a bailout from the International Monetary Fund, AFP reported. A country’s external Debt pertains to the money borrowed by it from foreign lenders through commercial banks, governments, or international...
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