-DNA Concerned about the increasing numbers of farmer suicides in Maharashtra's drought-hit areas, the Supreme Court on Thursday sought a response from the centre and state on a PIL seeking compensation of Rs 25,000 per hectare to the farmers whose crops have failed. The bench headed by chief justice of India H L Dattu sought their response on the PIL filed by Rakesh Uttamchandra Upadhyay, a lawyer, highlighting the plight of the...
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Hailstorms hit Maharashtra yet again -Aparna Pallavi
-Down to Earth Several thousand hectares of crops stand destroyed Even as a team of experts gears up to study the situation of droughts in Maharashtra, heavy unseasonal rains and hailstorms have damaged an estimated 88,000 hectares of standing crops and orchards in the last few days. Nashik, Jalgaon, Dhule, Nandurbar and Sangli are the worst-affected districts. In Nashik, 38,000 hectares of grape crops have been completely damaged. Subhash Arve, vice president of...
More »Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley interviewed by Pramit Bhattacharya
-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...
More »No need to repay for India’s biggest farmers as debt traps poor -Adi Narayan
-Livemint Every time a waiver is done, it diverts access to credit and shrinks credit availability, says RBI governor Raghuram Rajan Mumbai: Vattikuti Prasad grows rice, bananas and sugar cane on his farm as big as 27 football fields in a part of southeastern India where most farmers own plots the size of just one. He has two homes, including a four-bedroom house he rents out in a nearby town. This year...
More »Andhra Pradesh identifies 2.28 mn farmer families for Phase I of Loan waiver -Yogendra Kalavalapalli
-Livemint A total of 4.04 million bank accounts have been cleared for Loan waiver that will benefit 2.68 million farmers Hyderabad: Andhra Pradesh on Thursday finalized the norms for Loan waiver for farmers and identified 2.28 million families as beneficiaries in the first phase of what it called a "debt redemption scheme". Loans will be written off in two phases, Andhra Pradesh chief minister N. Chandrababu Naidu said at a press briefing....
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