-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
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The Importance of Being 'Rurban': Tracking Changes in a Traditional Setting -Dipankar Gupta
-Economic and Political Weekly A categorical distinction is facing rough weather--that between urban and rural. If we take just agriculture, there is so much of the outside world that comes in not just as external markets but as external inputs. Further, many of our villages barely qualify as rural if we were to take occupation alone. So the earlier line that separated the farmer from the worker in towns is slowly...
More »300 farmer suicides in Marathwada since January -Mohammed Akhef & Prasad Joshi
-The Times of India AURANGABAD: With the worsening drought situation in the region, farmer suicides continue unabated this year. About 300 farmers have taken their lives since January this year. The highest number (83) of farmer suicides has been reported from Beed district, followed by Nanded with 55 deaths and Osmanabad with 50 cases. Last year, a total of 569 farmers in the region had taken their lives. Osmanabad is one of the...
More »Cash for Food--A Misplaced Idea -Dipa Sinha
-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...
More »350 organizations to launch stir today to oppose land bill
-The Times of India AURANGABAD: Over 350 like-minded organizations are set to launch a nation-wide agitation from Monday to protest against the contentious Land Acquisition Bill. Social activist Medha Patkar made the announcement in the city while addressing a gathering of farmers. She said organizations of farmers, traders and fishermen would stage demonstration in different parts of the country and mount pressure on the Union government to stop it from going...
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