-Hindustan Times Bhubaneswar: Debt and drought have reportedly forced five Odisha farmers to commit suicide in as many days, prompting the human rights commission on Tuesday to take note of the state’s deepening farm crisis. The farmers — all of them in their 40s — allegedly took the drastic step after their paddy crop wilted because of scanty rainfall and they have loans to repay. In another case, it was cotton. At least...
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States delay notifying drought even as farm distress peaks -Sayantan Bera
-Livemint.com Drought declaration can provide farmers relief through compensation for crop damage and restructuring of loans New Delhi: Even though the monsoon ended with a 14% rainfall deficit, with nearly half the country’s districts facing a shortage of over 20%, states are delaying declaring a drought that could provide immediate relief to farmers by compensating for crop damage and restructuring farm loans. The June-September monsoon, which irrigates over half the country’s farm...
More »Cash crops cost Telangana, Andhra Pradesh farmers dear -Shruti Sarma
-Business Standard Thirty-two farmers have committed suicide in the past three weeks in the Anantapur district of Andhra Pradesh. Since its birth as a new state, Telangana has recorded 1,269 suicides. Hyderabad: The Hyderabad-based Centre for Sustainable Agriculture (CSA), estimates farmer suicides in Andhra Pradesh in the past 20 years (1995-2014) at 38,000. Experts and policymakers are convinced the two states are facing prolonged farm distress. Suicide by farmers unable to handle crop...
More »Karnataka waives interest on crop loans, announces relief package
-PTI The govt would also increase monthly widow pension from Rs 500 to Rs 2,000 in the families of farmers who had committed suicide Haveri (Karnataka): Providing succour to distressed farmers, the Karnataka government today announced waiver of interest and penal interest on crop loans from cooperative banks for the current fiscal and hike in compensation from Rs 2 lakh to Rs 5 lakh to families of farmers who had committed suicide. The...
More »Banks killed road sector: official -TCA Sharad Raghavan
-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The banks have killed the road sector,” he said. “There was a bubble because the banks would...
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