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Dip in tractor sales indicate further deepening of rural distress

In the financial year 2017-18 when tractor sale touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...

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With growing debt and farmer suicides, agrarian crisis in India on the rise

-The New Indian Express As polling season concludes across the country, The Sunday Standard puts an ear to the ground and listens in to the expectations that India has from its next government NEW DELHI: Agrarian irony cries out in Punjab, the food bowl of the country, with farmers’ indebtedness only growing in recent years.    The agrarian irony is marked by overproduction in the face of inadequate price, with lopsided Institutional Credit,...

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Are farm loan waivers a political gimmick? -Vikas Dhoot

-The Hindu Several interventions are needed on the demand and supply side to alleviate farm distress Loan waivers remain the preferred solution for governments to tackle farm distress. S. Mahendra Dev and M. Govinda Rao talk about the inability of governments to think of long-term solutions to tackle farm distress, in a discussion moderated by Vikas Dhoot. Edited excerpts: * Despite farm productivity rising, severe distress in the sector is a concern. How...

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Lok Sabha elections: Congress releases poll manifesto with focus on jobs, farmers, Nyay

-PTI NEW DELHI: The Congress on Tuesday released its manifesto for the Lok Sabha polls, making a slew of promises, including giving Rs 72,000 each to five crore poor families under the 'Nyay' scheme, filling up 22 lakh government vacancies, bringing a separate budget for farmers and fixing a single moderate GST rate. The 55-page document titled 'Hum Nibhayenge' (We will deliver) focused on addressing the issues of joblessness, farm distress, safety...

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'Access to formal credit increases income of farmers' -TV Jayan

-The Hindu Business Line Letting farmers use Kisan Credit Card for non-farm use for a limited time can help improve credit facility to small farmers The returns earned by farmers, who have access to formal credit, are on an average 17 per cent higher than what farmers, who are dependent on informal sources including loan sharks, earn, said an agricultural economist. Besides, access to Institutional Credit increases the per capita monthly consumption expenditure...

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