-The Indian Express It is morally obtuse and analytically misleading to see farmers’ long march as a demand for handouts The “long march of the farmers” in Maharashtra refocused attention on the crisis in certain regions in Indian agriculture. It should be the headline news that jolts the nation out of a complacent stupor. The protest made a series of long-standing but familiar demands: Loan waivers, increase in MSP, implementation of Forest...
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Maharashtra: Nearly 25,000 farmers march from Nashik to Mumbai to demand loan waiver
-Scroll.in Led by the All India Kisan Sabha, the protestors are planning to protest at the Maharashtra Vidhan Sabha on Monday. Thousands of farmers in Maharashtra are marching from Nashik to Mumbai, demanding a complete waiver of loans and electricity bills, NDTV reported on Thursday. They are also demanding the implementation of the Swaminathan Commission’s recommendations on providing minimum support prices and safeguarding the interests of small farmers. “We want the state...
More »How Mallya & Modi could teach debt-ridden Vidarbha farmers to stay cool -Jaideep Hardikar
-The Indian Express Two loan defaults lead to two different outcomes, year upon year, a nightmare version of déjà vu. The former exits the country; the latter exits the mortal world. Liquor baron Vijay Mallya and diamond jeweler Nirav Modi could jointly run a crash course for the debt-ridden and beleaguered farmers of Vidarbha, nay the entire country: How to stay cool with unpaid debts. Mallya could tell the peasantry, for instance, how...
More »Economists Hit Out Against Move to Privatise Public Sector Banks
-TheCitizen.in Banking needs reforms not privatisation NEW DELHI: The scale of the recent bank scams and the potential losses faced by Banks holding non-performing loans given to some large companies and individuals, has shocked all of us. However, we are concerned to note that this has become an excuse to demand the privatisation of publicly held Banks. While it is true that the current scam involves Punjab National Bank, the second largest public sector...
More »Public sector Banks lost Rs 2,450 crore to frauds involving staff: RBI data -Chethan Kumar
-The Times of India BENGALURU: Among other things that emerged in the aftermath of the massive Punjab National Bank (PNB) scam is the active role of employees of the Public Sector Banks (PSBs) in multiple frauds over the years. TOI has accessed Reserve Bank of India data that reveals the number of cases involving staff across various states and the amount of loss reported. Overall, data from April 2013 to June 2016...
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