In rural Marathwada farmers are still reeling from the effects of the November 2016 demonetisation

By Parth MN* Ten months after currency notes of Rs. 500 and Rs. 1,000 were scrapped on November 8 last year, the ghost of demonetisation continues to haunt Deepak Badavne. In early November, Badavne had harvested 31 quintals of cotton from his 2.5 acre farm. He expected good returns on it. “The trader arranged for … More In rural Marathwada farmers are still reeling from the effects of the November 2016 demonetisation

Farm suicides also reflect mental hopelessness, weak resilience of emotionally fragile farmers

By Moin Qazi* How many deaths will it take ‘til he knows That too many people have died The answer, my friend, is blowin’ in the wind, The answer is blowin’ in the wind. –Bob Dylan, Nobel Laureate Large swathes of cotton farms in central India have been the epicentre of the debt crisis that … More Farm suicides also reflect mental hopelessness, weak resilience of emotionally fragile farmers

Farmer suicides are simply a reflection or symptom of how fragile India’s agricultural economy is

By Moin Qazi* His speech is of mortgaged bedding, On his kine he borrows yet, At his heart is his daughter’s wedding, In his eye foreknowledged of debt. He eats and hath indigestion, He toils and he may not stop; His life is a long-drawn question Between a crop and a crop. — Rudyard Kipling, “The … More Farmer suicides are simply a reflection or symptom of how fragile India’s agricultural economy is

Consistent campaigns, joint movements for land rights have started yielding wide-ranging results

Excerpt from the resolution adopted by Bhumi Adhikar Andolan (BAA) at its recently concluded national convention at Ranchi, Jharkhand (June 29-30, 2017): The BAA had been emerged in the wake of the promulgation of the land acquisition ordinance on 31st December 2014 by the BJP led NDA Government. The political context in which the ordinance … More Consistent campaigns, joint movements for land rights have started yielding wide-ranging results

Loan waiver to farmers? Moneylender still remains the backbone of the rural financial system

By Moin Qazi While the government is set to forgive billions of dollars of loans of farmers, the actually distressed class among them will have no respite from their misery .They owe their debts to moneylenders whereas the government waiver applies only to formal credit. Almost every farmer in India’s massive rural swathes is tethered, … More Loan waiver to farmers? Moneylender still remains the backbone of the rural financial system

Low agricultural NPAs are a feat of accounting wizardry, which hide a grim underbelly

By Persis Ginwalla* and Sagar Rabari** Recently, Finance Minister of Gujarat Nitin Patel claimed that “the farmers in Gujarat have no debt”. A Bankers’ Association annual report also gives the following figures (see Table below) and clearly the Non-Performing Assets (NPAs) under ‘Crop Loan’ is a mere 2.54% of the outstanding amount. The farmers’ ability … More Low agricultural NPAs are a feat of accounting wizardry, which hide a grim underbelly