-The Financial Express Over 14 crore households who cultivate on land owned by others under a formal lease agreement or even under a temporary arrangement overseen by the gram panchayats or other official functionaries may soon start getting assorted sops doled out to “farmers” by the government just as their land-owing counterparts do. According to official sources, the definition of farmer will be changed via a gazzette notification to include cultivators...
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To reduce rural distress, Narendra Modi government to raise agri credit target by 20 pct
-The Financial Express Finance minister Arun Jaitley may announce agricultural credit target of Rs 12 lakh crore for 2018-19, up 20% from the level for the current year, as he lends focus to addressing rural distress in the coming Budget. While the farm credit targets have been overachieved in recent years, the disbursal by October end this fiscal was 67% of the annual plan. The government is confident of exceeding the...
More »White Truth: Milk turns sour for farmers on back of record powder stocks with dairies -Parthasarathi Biswas
-The Indian Express The dairies are blaming the current situation on the crash in international skimmed milk powder (SMP) prices Puntamba (Maharashtra): Since early September, Nitin Dhanvate’s dairy farm business has gone for a toss. Till around then, the 33-year-old from this village in Ahmednagar district’s Rahata taluka was receiving Rs 28 per litre for the milk containing 3.5 per cent fat and 8.5 per cent SNF (solids-not-fat) he was supplying to...
More »Upper caste farmers stand to gain more from loan waivers -Roshan Kishore
-Hindustan Times Access to formal credit can be a major game-changer in determining farm-incomes. It is to be expected that richer farmers would find it easier to avail of formal credit lines. What ails Indian farmers? The answer to this question is often mired in ideological quarrels. Some blame a lack of reforms in agricultural markets, while others accuse the state of not doing enough to support farming. Systemic issues are...
More »Shaktikanta Das, the former secretary of the Department of Economic Affairs, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line Who would know better than Shaktikanta Das, the former secretary of the Department of Economic Affairs, the ‘Good, Bad, and Ugly’ side of demonetisation and GST, the two factors that disrupted the balance sheets of not only the government and corporates but also that of the common man. Das would like to call it “positive disruption” as he believes that the turbulence caused was short-term, and that...
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