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Gujarat: Arvind Kejriwal out to break the bank for vote bank, promises farm loan waiver equal to half of state's income
Politics

Gujarat: Arvind Kejriwal out to break the bank for vote bank, promises farm loan waiver equal to half of state's income

In his address to farmers at Dwarka town of Devbhumi Dwarka district, the Delhi Chief Minister also promised to conduct a fresh survey of land as farmers were unhappy with the survey conducted recently by the BJP government

Coimbatore farmer dies by suicide after alleged torture and abuse by private money-lender
India

Coimbatore farmer dies by suicide after alleged torture and abuse by private money-lender

The 30-year-old farmer had said he wasn't able to repay a loan of Rs 45 lakh as his financial he conditions were weak due to the pandemic

Coronavirus-related cash crunch, delayed loans present threat to upcoming Kharif season for Maharashtra's farmers
India

Coronavirus-related cash crunch, delayed loans present threat to upcoming Kharif season for Maharashtra's farmers

Halgare, resident of Anandwadi village in Latur district, is among the lakhs of farmers in Maharashtra who could see their entire cropping season go down the drain if they don't receive their loans on time

'Joint decision of alliance': NCP, Congress irked over hoardings crediting only Shiv Sena for Maharashtra govt's move to waive farmer loans
Politics

'Joint decision of alliance': NCP, Congress irked over hoardings crediting only Shiv Sena for Maharashtra govt's move to waive farmer loans

The NCP and Congress have expressed displeasure over some hoardings carrying images only of Shiv Sena leaders to highlight the Maharashtra government's move to waive farm loans, saying it is a joint decision of the alliance and not one party alone

Maharashtra polls: In Wardha, farmers deadlocked by no loan waivers and no scope for fresh crop loans
India

Maharashtra polls: In Wardha, farmers deadlocked by no loan waivers and no scope for fresh crop loans

Until recently, farmers in Wardha could avail of a crop loan without having to run from pillar to post

As NPA resolution crawls, banks stare at spike in credit cost in range of 1.9% to 4.6% in second half of current fiscal
Business

As NPA resolution crawls, banks stare at spike in credit cost in range of 1.9% to 4.6% in second half of current fiscal

In its earlier assessment, India Rating had estimated the system-wide credit cost floor at 1.9% and capped it at 4.4% for the second half of FY19 and whole of FY20

Why collateral-free loans up to Rs 50 lakh is a high-risk idea to implement in slowdown-hit Indian economy
Business

Why collateral-free loans up to Rs 50 lakh is a high-risk idea to implement in slowdown-hit Indian economy

If the government has made up it’s mind to give away large collateral-free loans o entrepreneurs, it should also work out a mechanism to make sure this money is spent well for the stated purpose

Punjab govt's decision to advance paddy sowing aims to placate angry farmers ahead of polls, but ignores impact on groundwater
India

Punjab govt's decision to advance paddy sowing aims to placate angry farmers ahead of polls, but ignores impact on groundwater

While the Amarinder Singh-led Congress government's decision to prepone the date for paddy sowing in Punjab to 13 June may ease the angry farmers ahead of the Lok Sabha polls, early sowing will put further pressure on the already depleted groundwater of the state

Firstpost Editor's Picks: AAP's incoherent strategy, CJI harassment allegations, Shah Rukh Khan's break; today's must-read stories
India

Firstpost Editor's Picks: AAP's incoherent strategy, CJI harassment allegations, Shah Rukh Khan's break; today's must-read stories

AAP's incoherent strategy may cost it dearly in the Lok Sabha polls, CJI sexual harassment allegations, Shah Rukh Khan's break before his next film; today's must-read stories

BJP takes contrasting path to growth, poverty alleviation, pits top-down aspirations against Congress' bottom-up handouts
Politics

BJP takes contrasting path to growth, poverty alleviation, pits top-down aspirations against Congress' bottom-up handouts

If you look beyond the slogans and an impressive rain of data by Narendra Modi's colleagues at the launch of the BJP manifesto, the real deal is that there is a more-of-the-same flavour in Modi's to-do list

Farm loan waivers kill credit culture, need to focus on agri distress resolution: Former RBI governor Raghuram Rajan
Business

Farm loan waivers kill credit culture, need to focus on agri distress resolution: Former RBI governor Raghuram Rajan

Loan waivers cover only those farmers who have taken loans from the formal system, Raghuram Rajan said

8 trains cancelled, 24 diverted as farmers block Amritsar-Delhi line; loan waiver, payment of sugarcane crop among key demands
India

8 trains cancelled, 24 diverted as farmers block Amritsar-Delhi line; loan waiver, payment of sugarcane crop among key demands

Eight trains were cancelled and 24 were diverted on Tuesday as farmers continued their protest on the Amritsar-Delhi rail track in Jandiala in Amritsar

'Govt luring farmers with peanuts': Union Budget allocation gets lukewarm response from agrarian sector
India

'Govt luring farmers with peanuts': Union Budget allocation gets lukewarm response from agrarian sector

Several farmers said after Finance Minister Piyush Goyal finished presenting this government’s last budget that it had not swayed them to vote for Narendra Modi’s BJP.

Budget 2019: Basic income for farmers to boost rural consumption, higher credit to help agriculture sector, say experts
Business

Budget 2019: Basic income for farmers to boost rural consumption, higher credit to help agriculture sector, say experts

The government decision to allocate Rs 75,000 crore to 12 crore farmers for a minimum assured income of Rs 6,000 per year in the interim budget will boost the rural consumption and positive for agriculture and allied sectors

Union Budget 2019: Giving farmers Rs 17 a day is an 'insult to everything they stand and work for', says Rahul Gandhi
India

Union Budget 2019: Giving farmers Rs 17 a day is an 'insult to everything they stand and work for', says Rahul Gandhi

Finance Minister Piyush Goyal, while announcing the Interim Budget said farmers will be provided Rs 6,000 per year, which amounts to Rs 16.44 daily, in three instalments under a central government scheme.

Maharashtra Gramin Bank and Bajaj Allianz officials dupe debt-ridden farmers, promise crop loan only on purchase of insurance policy
India

Maharashtra Gramin Bank and Bajaj Allianz officials dupe debt-ridden farmers, promise crop loan only on purchase of insurance policy

Yogesh Shelke, former employee of Bajaj Allianz and a resident of Beed in Marathwada, blew the whistle on the nexus between Bajaj Allianz and Maharashtra Gramin Bank. They had a tie up, which meant the bank could sell Bajaj Allianz policies to its customers.

Priyanka Gandhi, Jyotiraditya Scindia solely entrusted to bring Congress govt in Uttar Pradesh, says Rahul Gandhi
Politics

Priyanka Gandhi, Jyotiraditya Scindia solely entrusted to bring Congress govt in Uttar Pradesh, says Rahul Gandhi

Speaking in Amethi, his Lok Sabha constituency, on Thursday, Congress president Rahui Gandhi targeted Prime Minister Narendra Modi over a spate of issues including the Rafale deal, demonetisation, the ongoing CBI row and promises of "acche din".

Rajasthan government panel recommends waiving all loans of farmers who committed suicide from 2014 to 2018
India

Rajasthan government panel recommends waiving all loans of farmers who committed suicide from 2014 to 2018

The decision was taken at the first meeting of the Rajasthan inter-department committee chaired by Urban Development Minister Shanti Dhariwal on Saturday.

Inflation in 2018: Data shows price rise within comfort zone, but farmers hit due to low prices for agri produce
Business

Inflation in 2018: Data shows price rise within comfort zone, but farmers hit due to low prices for agri produce

The latest data puts retail inflation for November at the year's lowest level of 2.33%, mainly due to low prices of food articles, coupled with deflation in some agricultural products—which is a good news for consumers as well as the government and the RBI.

Govt mulling zero interest on timely farm loan repayment as New Year's gift; premium on horticultural crops may be reduced
Business

Govt mulling zero interest on timely farm loan repayment as New Year's gift; premium on horticultural crops may be reduced

To provide immediate relief, one of the proposals being studied is to waive 4 percent interest rate on farmers repaying farm loan promptly within the due date.