-Business Standard Govt told to be consistent on capital infusion criteria The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for overstating their net profit, by underestimating non-performing assets (NPAs) and under-providing for these bad assets during 2016-17. Also, there were differences in the classification of and provisioning for assets between five banks and the Reserve Bank (RBI) but as the...
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Farms gone, but lack of jobs hurts villagers most -Shubhra Pant
-The Times of India GURUGRAM: They had given up their land in hope that the local economy would develop and create jobs that would sustain livelihoods not only for them but the next generation. Fourteen years on, no industrial project has come up on the nearly 1,600 acres of land, a massive sprawl across the villages of Gadoli Khurd, Harsaru, Khandsa, Mohammadpur and Narsinghpur, acquired by the government, farming does not happen...
More »Rains, tomato crisis: Will farmers be better off buying PRIvate insurance? -Subhomoy Bhattacharjee
-Business Standard Farmers are not getting enough protection as states mostly do not pay the premium they should With the rains falling in abundance and tomatoes refusing to do so, agriculture economy experts have a lot to say on what both mean for the sector. Both pose a risk to farmers — of floods and of lack of PRIcing power. Yet the farmers don't have much to fend those off since agricultural insurance...
More »Are farmer suicides on the wane? -Sayantan Bera
-Livemint.com 2016 recorded the lowest suicides in the farm sector in over two decades, shows data shared by agriculture minister Radha Mohan Singh New Delhi: There is little doubt that 2016 was replete with positive data on agriculture sector—a normal monsoon, record production of grains and perishables, and a rebound in the farm sector growth after consecutive years of drought-induced dismal performance. However, this positive data failed to lift farmers’ sentiment because...
More »Wholesale onion PRIce surges 118% in two weeks -Tushar Pawar
-The Times of India NASHIK: The average wholesale PRIce of onions has surged 118% over the past two weeks in Maharashtra, from Rs 571 per quintal on July 13 to Rs 1,250 on Thursday, an 18-month high. To stabilise the steady rise in the PRIce of the kitchen staple, the Centre may increase its minimum export PRIce (MEP). The Centre had withdrawn the $700/tonne MEP in December 2015 after a crash in wholesale...
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