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Centre hikes import duty on crude, refined soft edible oils

-The Hindu Business Line Palm oil imports slow down in May Bengaluru/ Ahmedabad: The Centre has increased the import duty on crude and refined soft edible oils such as soy oil, sunflower oil and rapeseed on Thursday. Duty on crude soft edible oils has been hiked to 35 per cent and on and soft oils to 45 per cent. Earlier, crude soy oil attracted an import duty of 30 per cent, and sunflower...

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Data Jugglery: Agri Achievements of Yogi in UP? -Subodh Varma

-Newsclick.in A fact check reveals the reality behind jaw dropping ‘achievements’ claimed by the BJP govt. in UP in full front-page ads in national dailies. On 13 June, Yogi Adityanath’s BJP govt. of Uttar Pradesh issued costly full page advertisements in national dailies with a slew of claims about how agriculture in the state has achieved unprecedented heights under the one-year old govt. the ads, adorned with smiling faces of Prime Minister...

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The Age of Surplus -Harish Damodaran

-The Indian Express We have, indeed, entered a regime of “permanent surpluses” in most crops — a reality our policymakers are unable to grasp, stuck as they are in the era of the Essential Commodities Act. If there is one thing that has changed in Indian agriculture in recent times, it is supply response — the ability of farmers to increase production when prices go up. Traditionally, the supply curve in most...

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Agri Distress Deepens as Crop Prices Crash -Subodh Varma

-Newsclick.in Over the past three years, prices of farm produce have gone down, pushing farmers into deeper crisis but the govt. has no solution. It is perhaps a symbol of our times, and this govt.’s alienation from the people, that it is totally unconcerned about crashing farm produce prices even though the Prime Minister and his colleagues go on harping on their commitment to double farmers’ incomes. Here is what has happened...

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Economy in a shambles: PC

-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...

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