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India Inc's big bet on Bharat saving the day -Sayantan Bera

-Livemint.com * Rural spending is the only ray of hope for a ravaged economy. But will consumers rise to the occasion? * The income loss due to 30 million migrant workers returning home is a significant hit to household finances. Moreover, covid-19 has deeply affected an already bruised consumer psyche The locked rooms lining the courtyard of Dilip Patidar’s sprawling ancestral home once smelled like a spice box. That was some years ago...

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Rs 150,000 crore plus: the govt stimulus for rural areas post lockdown -Harish Damodaran

-The Indian Express That’s the actual liquidity pumped into rural areas by government post lockdown – through Grain procurement, PM-Kisan and MGNREGA wages. There are many parallels one can draw between the novel coronavirus-induced lockdown (gharbandi) and demonetisation (notebandi), in terms of their impact on India’s farm economy. Both resulted in the same thing – demand destruction – albeit through different routes. Notebandi caused a haemorrhaging of liquidity from the predominantly cash-based farm...

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India let 65 lakh tonnes of grain go to waste in four months, even as the poor went hungry -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais

-Scroll.in ‘In a period when people have been dying of hunger, the government has increased the amount of grain it is hoarding in its godowns.’ Instead of using its grain stocks to feed the poor and hungry during the coronavirus-lockdown crisis, the Indian government is letting this food rot in its godowns. The government does not have proper storage facilities for stocking such a large amount of excess grain. Since much of...

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COVID-19 Lockdown: Impact on Agriculture and Rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais

-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...

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A grain stockist with a role still relevant -Sudha Narayanan

-The Hindu In the middle of the pandemic, the FCI holds the key to warding off a looming crisis of hunger and starvation For several years now, the Food Corporation of India (FCI) has drawn attention for all the wrong reasons. Set up under the Food Corporations Act 1964, in its first decade, the FCI was at the forefront of India’s quest of self-sufficiency in rice and wheat following the Green Revolution,...

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