-TheWire.in Farmer suicides and hunger deaths plague flagship village of SP government. “Have you heard of kangaali mein aata geela? That is our situation,”says Sugha Singh as he sits outside Balwan Singh’s house along with other village men under the tree on a warm February afternoon. He is referring to an old Hindi idiom which means getting into more hardships one after another. They are mourning the death of Munni Devi, 78,...
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Has demonetisation hit micro-finance? -MS Sriram
-The Hindu Business Line Kirana and tea shops are doing better than businesses that involve discretionary spending The Micro-finance industry (MFI) is cursed and blessed at the same time. When there were indications that the micro-finance sector is overheating, with high growth rates, multiple lending and oppressive Loan Recovery practices, the withdrawal of specified bank notes (SBN) hit them. There were reports of stress from Uttar Pradesh and it appeared that there...
More »Probe for loan torment -Jaideep Hardikar
-The Telegraph Nagpur: A special investigation team will probe the alleged harassment of poor women borrowers in Maharashtra by Loan Recovery agents of micro-finance institutions, the state government announced today after month-long street protests and an Assembly debate. Junior home minister Deepak Kesarkar assured an agitated Assembly that the state was considering a law similar to one Andhra Pradesh had enacted in 2011 to regulate the MFIs' lending and Loan Recovery practices. About...
More »Kerala declared drought-hit; water level in dams falls by 40 per cent
-Down to Earth All the 14 districts of the state are facing severe water scarcity The Kerala government today declared drought in all the 14 districts of the state after experiencing a sharp dip in rainfall during the southwest monsoon. The districts are facing severe water scarcity. While making the announcement in the state assembly, the Minister for Revenue, E Chandrasekharan, said that even 100 per cent rain over the next...
More »Agrarian distress: Farmer suicides and the collapse of cooperative credit institutions -Partha Sarathi Biswas
-The Indian Express The incidence of farmers taking their own lives is higher in regions where cooperative banks are the weakest. Nanded (Maharashtra): The verdant soyabean fields at Digras today are a far cry from the barren landscape they presented only a few months ago. But for residents of this village in Ardhapur taluka of Nanded district, the memories of drought in three out of the last four years will not fade...
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