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Punjab: Another debt-ridden farmer commits suicide

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Ludhiana In less than a fortnight, another debt-ridden farmer has committed suicide by consuming poison in Punjab, his family said on Thursday.

Farmer Harmeet Singh, of Mansuran village took the extreme step on Wednesday evening, after he failed to return the loan taken from an ‘arhtiya’ or private financier, the family said.

The incident came to light on Thursday, when the family reported it to police.

“My father was under depression after the ‘arhtiya’ confiscated the land documents, and was planning to sell it further,” the farmer’s son, Ishpreet told reporters.

He said his father had taken loan for farming, but the ‘arhtiya’ charged a high rate of interest.

Ishpreet said the crop was ruined due to untimely rains.

Earlier, Surjit Singh, a 60-year-old debt-ridden farmer, who had met Congress vice president Rahul Gandhi on April 28, after his crops were destroyed by unseasonal rains, committed suicide on June 10 by consuming poison.

Gandhi on Thursday, met Surjit Singh’s family.

Clad in a white kurta and blue jeans, Gandhi spent time with the family, and hugged the widow in Dadumajra village, near Chunni Kalan in Fatehgarh Sahib district.

“Rahul ji came here specially to attend the ‘bhog’ of my father. He promised to raise the plight of farmers in the country,” his son, Kulwinder Singh told reporters.

Gandhi had, on April 28, taken his fight for the farmers and boarded a train from Delhi to Ambala in Haryana to learn about their condition. He also visited Punjab to look at the situation of the farmers. (IANS)

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Big reforms Led to India becoming the fastest growing major Economy globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai.
The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs more reforms.
Indian economy needs more reforms.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise.
Indian economy should be on rise. Image: Mapsofindia

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS

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