Tag Archives: Debt burden

Home   Tag : Debt burden

Two views

http://pd.cpim.org/2007/0128/01282007_nilotpal.htm Prabhat Patnaik THE fact that there is a crisis in India’s countryside, notwithstanding all the talk about “India shining”, can scarcely be denied any more. The prime minister’s visit to Vidarbha marked an official recognition of it. There are nonetheless two diametrically opposite views on the nature of the crisis and on the steps needed for its resolution. One view, which represents the official position of the central government, sees it exclusively as an agricultural crisis, i.e. the crisis of a sector, which is afflicted by output stagnation, low productivity, and low levels of investment. The other, which represents the Left perspective, sees it as an agrarian crisis, i.e. […]

YSR urged to press for interest waiver on loans

http://www.hindu.com/2007/01/26/stories/2007012616… Special Correspondent Opposition wants him to lead all-party delegation to Delhi Party leaders lament special packages not reaching genuine farmers in the State MP wants State Government to invoke Rural Indebtedness Relief Act HYDERABAD: Three major Opposition parties and farmers’ unions affiliated to the Left parties urged Chief Minister Y.S. Rajasekhara Reddy on Thursday to prevail upon the Centre to extend the benefit of interest waiver to the loans obtained by farmers that were rescheduled without their consent. The TDP, CPI (M) and CPI and others asked the Chief Minister to lead a delegation of political parties and farmers’ organisations to the Prime Minister Manmohan Singh to appraise him […]

Farmers must be given a better deal: Kerala governor

Friday, January 26, 2007 Continuing farmer suicides are unacceptable in a modern society and it is up to not just the government but also the people to ensure that they are given a better deal, Kerala Governor R.L. Bhatia said Friday in his Republic Day address. Presiding over the Republic Day celebrations at the Central Stadium here, Bhatia unfurled the national flag and took salute at the march past. He also distributed awards for meritorious services in a function attended by Chief Minister V.S. Achuthanandan, ministers and top officials. Declaring that farmer suicides were a shame, he said Kerala must make advances in the financial sector. Reports indicate that after […]

A harvest of despair

http://www.journalismfellowships.org/stories/india… As crops fail and loans from moneylenders come due, desperate farmers in India increasingly turn to suicide by Sumathi Reddy, Spring 2006 IRP Fellow KARIMNAGAR, India – At midmorning, the woman named Gourakka stood watching her son wade into the waters of the Godavari River to release the ashes of her husband, another farmer who had given up. She left his favorite meal of rice and egg curry on a palm frond by the river for his soul to eat. Recently widowed Gourakka and her son, Ganesh, 6, conduct a religious ceremony in memory of her husband. Her husband, Kotari Madhukar, had committed suicide, an act she could trace […]

Government is only 'thinking of' waiver of cooperative farm loan

http://www.hindu.com/2007/01/26/stories/2007012610… Special Correspondent A clear-cut announcement on this is expected in the Budget State’s industrial infrastructure to get a boost Government plans to set up SEZs in tier-two cities IN DETAIL: Governor T.N. Chaturvedi addressing the joint Legislature session in Bangalore on Thursday. — Photo: V. Sreenivasa Murthy Bangalore: The Governor’s address has put to rest the recent confusion over the proposed waiver of cooperative farm loans, with a clear statement that the Government “is only thinking” of such a move in the interests of farmers. The confusion in political circles, in particular between Chief Minister H.D. Kumaraswamy and Deputy Chief Minister and Finance Minister B.S. Yediyurappa, thus apparently looks […]

Karnataka considering loan waiver for farmers

By Indo Asian News Service Bangalore, Jan 25 (IANS) Karnataka Governor T.N. Chaturvedi Thursday said the state government was thinking of waiving loans obtained by farmers from cooperative institutions. ‘A comprehensive study is being made to decide the quantum of loans to be waived and to which category of farmers,’ Chaturvedi declared in his address to the winter session of the joint state legislature in the Vidhana Soudha here. The government is set to mobilise resources for the loan waiver scheme from the revenue likely to accrue from the retrieval of encroached lands in and around the Karnataka capital and their disposal as per rules. The state government had recently […]

Maharashtra hampered by poor credit

BUREAU Posted online: Wednesday, January 24, 2007 at 0039 hours IST PUNE, JAN 23 : A large rural population outside the institutional field, regional disparities in credit flow, continued ineffective use of Kisan Credit Cards by co-operatives. Poor credit flow for marketing are hampering the credit delivery in Maharashtra. Agricultural credit flow in the state is low as compared to high performing states such as Punjab, Haryana, Andhra Pradesh, Karnataka, Tamil Nadu and Goa. “Around 45% of the population still remains outside institutional credit. Credit is just Rs 3,500 per hectare in Maharashtra, three times lower than Punjab and Haryana,” N Srinivasan, chief general manager, Nabard, Pune, said. Ads By […]

Death Along the Famished Road

Sonia Faleiro The government hasn’t reached Vidarbha’s farmlands, but its poison has. Sonia Faleiro ventures into the hinterlaland to discover cataclysmic tales of deprivation and despair wreaked by Bt Cotton cultivation Bunty Bhoyar’s screams singe the hot, dry air of Kosara village in Maharashtra’s Yavatmal district. The five-year-old in his torn shorts and T-shirt, mucus smeared across his face, body dusty from playing in the mud, cries himself into exhaustion as he awaits comfort his family can no longer offer him. His mother Lata, 25, is picking cotton; his brother Shubham, seven, is enjoying what may be his last days in primary school; his grandmother Gangubai, who cooks and cleans […]

Suicidal tendency among the Indian farmers: How much we know about it

http://subhan.blogspirit.com/archive/2007/01/23/suicidal-tendency-among-the-indian-farmers-how-much-do-we-kn.html Subhan India is considered as a fast moving economy with good potentials in human development and massive industrial advancement. Despite this economic achievement, desperate farmers in some region s of the country are committing suicide with the hope of getting relief from their enormous debt and ill-fated life. It’s gradually turning into an epidemic in India, where farmers find themselves trapped in a vicious cycle of poverty with frequent drought and but on the other hand the outside world sees India as the next Asian Tiger. Since 1997, more than 25,000 farmers have committed suicide across the country, many consuming the chemical that was supposed to make their crops […]

The cotton farmers nightmare

DIONNE BUNSHA AMRAVATI, MAHARASHTRA: For weeks, Lakshman Gadwe (65) watched helplessly as his cotton crop was ravaged by pests. He could not afford to buy pesticides to salvage his crop. When he finally bought a bottle of the potent chemical, he did not use it to save his crop. He swallowed it and took his life. After spending almost Rs 70,000 on his land holding of 28 acres his returns were less than Rs 30,000. His crop yield was 20 per cent of the normal crop. “Since the cooperative bank loan did not cover the costs, he had borrowed from money lenders and relatives. To repay the debts, he forced […]

Get Best Services from Our Business.
%d bloggers like this: