-The Indian Express Drought for 2nd straight year leaves tribals of Attapaddy at lenders’ mercy, hits pregnant women’s health Attappady: At the sun-baked village of Nallasinka in Attappady, a frail woman is desperately scanning a pipeline that takes water to a private estate, looking for a leak that was once there. “It is five days since water reached our colony. Last week, we survived by collecting water that leaked out of this...
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Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend -Mayur Shetty
-The Times of India MUMBAI: Debit cards have conclusively displaced credit cards as the primary mode of payment in the country following demonetisation. Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation, which was announced on November 8, 2016. The change is largely driven by small public sector...
More »Debt, drought & death: Two suicides a day since October in Tamil Nadu -Arun Janardhanan
-The Indian Express Last week, the farmer distress reached Delhi, with a group of Tamil Nadu farmers starting a sit-in at Jantar Mantar. Nagapattinam: On January 1, R Panneerselvam stepped out of his home thrice to check on his wasted paddy crop on his 3-acre land. The final time, a tired Pannerselvam flopped down on a chair and asked his eldest son to fetch him tea from a nearby stall. By the...
More »'Drought, debt driving farmers out of their homes'
-Deccan Herald New Delhi: A large number of farmers in drought-affected states are debt-ridden and many are migrating from their villages, according to a survey by an NGO. According to ‘Lessons from Desolation: A Citizen’s Report on Impact of Drought and Learnings for Future,’ prepared by Action Aid, 40-65 % of the farmers in the drought affected states are indebted while 20 % have migrated to nearby towns and cities in search of...
More »Maharashtra: Doubts loom over bank loans, may hit over three lakh farmers -Partha Sarathi Biswas
-The Indian Express The Maharashtra Gramin Bank has written to the district collectors of eight districts expressing inability to disburse crop loans for the upcoming kharif season. Mumbai: The prediction of a good monsoon may not be enough to bring cheers to farmers of Marathwada, as questions are being raised over disbursement of crop loans in the region. The Maharashtra Gramin Bank has written to the district collectors of eight districts...
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