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How farm loan waivers can actually benefit the economy -Charan Singh

or financing is an exemplary illustration. Therefore, neither loan default nor loan waiver is a celebratory event in the life of a farmer. Should only farmers be blamed? The extension of credit in rural area was pushed in a concerted manner from 1978 under the Integrated rural Development Programme. This programme was pursued vigorously with many instances where bankers pushed credit in the More »

With No Water and Many Loans, Farmers' Deaths Are Rising in Tamil Nadu -Jaideep Hardikar

ile suicides and shock deaths have seen a sudden spike in Tamil Nadu’s Cauvery delta region, the government does not believe the drought is the cause and is continuing to direct water away from rural areas. From the banks of the Kollidam river, S. Selvaraju’s farm is barely a mile away. The huge river, actually a tributary of the Cauvery that drains its surplus water into the sea, runs along the village of Anaikudy, 40 km from Thanja

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The invisible women farmers -Mrinal Pande

mpuses of the Sixties, many of us avidly read the first ever (1974) national report on the state of India’s women, Towards Equality, cover to cover. It revealed, in no uncertain terms, that the rural agricultural sector was the biggest employer in India. However, unlike male farmers and cultivators, their female counterparts remained doubly burdened during their peak productive period with their reproductive role seen as fundamental to their gen

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The roots of rural distress -Manas Chakravarty

farm loans is no solution. The data shows there’s a far more fundamental problem—most agricultural households are unable to keep body and soul together. There’s nothing new about rural distress. Nor is it surprising. If the income of almost 70% of farm households is less than their consumption expenditure, according to the government’s own data, then it’s obvious they’ll be “distressed”. Yet that&rsqu

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Crop prices and farmers' unrest -CP Chandrasekhar and Jayati Ghosh

ave been waiting for these promises to be fulfilled. Three years down the line, they feel cheated. And of course, they might feel betrayed by the whammy of demonetisation and its prolonged effects on rural markets, which have depressed all crop prices and not allowed them to reap the benefits of a bountiful monsoon. Several issues are at stake here, which need to be considered if we are to understand the farmers’ demands for immediate relief

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Delayed impact

nge of crops should deflate in tandem during the pre-monsoon months of March to May, a seasonally inflationary period, suggest that factors other than the large harvest could be at play in depressing rural fortunes. One plausible explanation is that demonetisation delivered a body blow to the traditional distribution channels and marketing centres for agri-produce, leading to demand destruction. The uncertainty and de-stocking preceding GST is likely

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Speedbreakers kill: They cause 30 crashes and 9 deaths a day -Dipak K Dash

states to ensure norms are followed while building speedbreakers. Gadkari said his ministry will seek to ensure that speadbreakers come up only at designated spots after a proper assessment. In rural areas, speedbreakers can be found at every 100 metres, particularly near the residence of local leaders. In many places, people make DIY bumps with bricks to slow down traffic. Please click here to read more.

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Is India faced with a 3.1 lakh crore farm-loan waiver? And will it help?

Rs 36,359 crore and Rs 30,000 crore, respectively -- India faces a cumulative loan waiver of Rs 3.1 lakh crore, or 2.6 per cent of its GDP in 2016-17. A waiver of this scale could pay for the 2017 rural roads budget 16 times over or pay for 443,000 warehouses or increase India's irrigation potential by 55 per cent more than the achievements of the last 60 years. While such waivers could provide succour for 32.8 million indebted farmers, an India

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Instead of farm loan waivers, invest more in agricultural infrastructure -Himanshu

griculture declined at 3.8% per annum. It declined from Rs2.84 trillion in 2013-14 to Rs2.63 trillion in 2015-16 at 2011-12 prices—the sharpest fall in more than two decades. The distress in rural economy began in 2013 with growth rate of rural wages declining in real terms. This was the first signal which went unnoticed. This was further compounded by the back-to-back droughts in 2014 and 2015, on

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Waiving farm loans is not only bad for the economy but also detrimental to interests of the farmer -Ram Singh

r and volatility in paddy prices have made the situation worse. Many panchayats failed to rent out their land, even after several attempts. The crisis in agriculture has caused distress to the entire rural economy. However, the waiving of farm loans is not only bad for the economy but is also detrimental to the long-term interests of the farmer. It incentivises even debtors capable of repaying loans to default. Unsurprisingly, the recent waiver ann

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