As the saying goes, ‘If you can’t beat them, join them’. Pri
me Minister Manmohan Singh seems to have found a new mantra to tackle suicides by indebted farmers of India. On October 18, while addressing the second Agricultural Summit in New Delhi, the PM initiated a debate over the possibility of bringing the money lenders under the fold of governmental regulations when he said, “What do farmers need – a lower rate of interest or a reliable access to credit at a reasonable rate? Do we need to bring in money lenders under some form of regulation?” However, Dr. Singh seems to have ignored the fact that the recent spate of suicides by farmers in parts of southern India has got very little to do with either reliability or the rate of interest on credit lent by the private lenders.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
me Minister Manmohan Singh seems to have found a new mantra to tackle suicides by indebted farmers of India. On October 18, while addressing the second Agricultural Summit in New Delhi, the PM initiated a debate over the possibility of bringing the money lenders under the fold of governmental regulations when he said, “What do farmers need – a lower rate of interest or a reliable access to credit at a reasonable rate? Do we need to bring in money lenders under some form of regulation?” However, Dr. Singh seems to have ignored the fact that the recent spate of suicides by farmers in parts of southern India has got very little to do with either reliability or the rate of interest on credit lent by the private lenders.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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