Monday, October 18, 2010

“Lok Satta convening all-party meeting on farmers' problems today” plus 1 more

“Lok Satta convening all-party meeting on farmers' problems today” plus 1 more

Lok Satta convening all-party meeting on farmers' problems today

Posted: 17 Oct 2010 11:02 PM PDT

The Lok Satta Party is conducting a meeting of all parties and farmers' associations on ensuring remunerative prices for agricultural produce, at 3-00 pm tomorrow (Oct. 16, 2010) at FAPCCI Hall in Red Hills.

Giving this information in a media statement, party leaders Katari Srinivasa Rao and V. Laxman Balaji said that in the wake of an imminent bumper harvest and shortage of storage facilities, paddy prices are likely to crash and inflict immense suffering on farmers.

The Lok Satta Party, under the leadership of its President Dr. Jayaprakash Narayan, would like all parties and farmers' associations to join hands transcending their political affiliation to demand that the Government of India permit rice exports. The Union Government should also impose a steep import duty on palm oil and ensure that a remunerative price is paid for local produce.

Impose a Ceiling on MFI Interest: Lok Satta

Posted: 17 Oct 2010 10:58 PM PDT

The Lok Satta Party today pointed out that the Andhra Pradesh Government ordinance on micro finance institutions (MFIs) failed to impose a ceiling on the rate of interest they could charge.

Lok Satta Party leaders Katari Srinivasa Rao and V. Laxman Balaji said that apart from stipulating the maximum rate of interest MFIs could charge, the Government should prevent them from knocking at people's doors for loan repayment. Instead, they should be asked to utilize the panchayat office for loan collection activity.

They welcomed the provision in the ordinance stipulating that MFIs take prior clearance from the concerned authorities before advancing loans to SHG members.
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