-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
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Devendra Fadnavis waives farm loans of Rs 30,000 crore, but protests spread -Shubhangi Khapre & Parthasarathi Biswas
-The Indian Express Devendra Fadnavis said, “The loan waiver, which will come into force by October 31, 2017, will be restricted to small and marginal farmers with land holdings of five acres.” Pune: In the face of spiralling protests across Maharashtra, Chief Minister Devendra Fadnavis on Saturday announced a farm loan waiver of Rs 30,000 crore, the biggest such write-off for farmers in the state. But by afternoon, it was clear that...
More »Toiling for a toilet -Yardain Amron
-The Hindu While sanitation schemes in India date back to the British Raj, Swachh Bharat Mission (SBM) is the latest and by far most ambitious iteration. Launched by India’s Prime Minister Narendra Modi at the end of 2014, the Rs.9,000-crore scheme aims to achieve an Open Defecation-Free (ODF) India by constructing 12 million rural household toilets across the country before October 2, 2019 — to coincide with Mahatma Gandhi’s 150th birthday. But...
More »Lives in Debt: Narratives of Agrarian Distress and Farmer Suicides -Ajay Dandekar & Sreedeep Bhattacharya
-Economic and Political Weekly Ajay Dandekar (ajay.dandekar@snu.edu.in) is a professor at the School of Humanities and Social Sciences, Shiv Nadar University. Sreedeep Bhattacharya (sb514@snu.edu.in) is a fellow at the Centre of Public Affairs and Critical Theory, Shiv Nadar University. A study in two districts recording high numbers of farmer suicide—Yavatmal in Maharashtra and Sangrur in Punjab—explores the tipping point for this desperate act and finds that in addition to the shame of...
More »Shame of unpaid Debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in Debt: narratives of agrarian distress and farmer suicides”, conducted by researchers at Shiv Nadar...
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