-The Times of India NEW DELHI: Amid a flurry of farm loan waivers, financial institution Nabard has written to states advising them to ensure that dues of banks that actually write-off the loan are immediately cleared to ensure that the credit cycle is not broken. The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans...
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Economists should try farming before opposing loan waiver: Chidambaram
-The Hindu Bengaluru: Former Finance Minister P. Chidambaram on Friday said farm loan waiver is “imperative” given the agrarian crisis in the country and the economists critical of the scheme should do farming on two acres of land for 10 years before commenting on it. “Economists who are criticising farm loan waiver must experience what farming is in this country. Take two acres of land and do farming for 10 years and...
More »Now, Odisha and Jharkhand governments announce sops for farmers
-PTI NEW DELHI: The Odisha and the Jharkhand governments on Friday joined the list of states doling out sops for farmers after the Congress scripted wins in three states riding on the promise of farm loan waiver. While Odisha chief minister Naveen Patnaik announced the Rs 10,000-crore scheme for the overall development of farmers in the state, Jharkhand chief minister Raghubar Das declared the Rs 2,250-crore scheme to help 22.76 lakh medium...
More »The political economy of the persistent agrarian crisis -Himanshu
-Livemint.com loan waivers and the promise to raise MSP cannot solve the problem The victory of Congress party in the recent assembly elections of Chhattisgarh, Madhya Pradesh and Rajasthan has brought the agrarian crisis in rural areas to the centre of political debate. While there are several factors in election victories, the severity of the agrarian unrest was surely a major factor. While there is consensus that the incumbent Bharatiya Janata Party...
More »'Ujjwala connections get three refills annually on an average' -Twesh Mishra
-The Hindu Business Line Oil companies gear up to meet LPG demand after Ujjwala expansion New Delhi: The annual average demand for LPG cylinder refills is now three under the Pradhan Mantri Ujjwala Yojana (PMUY) according to IndianOil Chairman, Sanjiv Singh. “The average number of LPG refills in every household across the country was close to seven plus before the Ujjwala scheme was launched. This has now tapered to seven and the...
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