-The Hindu Says Centre prepared to set up facilities for procurement The government is prepared to create all the facilities and infrastructure needed to procure foodgrains, even as the Cabinet prepares to hike Minimum Support Prices (MSP) for kharif crops, Union Food Minister Ram Vilas Paswan said. The Union Cabinet is expected to meet on Wednesday, and approve MSPs for 23 crops at 1.5 times the input costs. For MSPs to be implemented...
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Farm support prices come with hidden costs -Ashima Goyal
-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...
More »High-cost farming is degrading quality of soil, driving small farmers to ruin -Arjun Sharma
-Firstpost.com Chandigarh: With the planting of the new paddy crop underway in Punjab, Balour Singh of Sangrur district's Channa village is worried about the hourly fee of Rs 150 he needs to pay his neighbour for supplying water to his fields. Being a marginal farmer, Singh doesn't own a borewell and has to depend on others for water, which is something his paddy crop needs in plenty. But water isn't Balour Singh's...
More »India's rural inflation has started pinching
-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...
More »Here's how kharif planting gets a monsoon booster across the country
-Business Standard In the case of paddy, the current bout of rain should push transplanting crops from nurseries in Jharkhand, Chhattisgarh, eastern Uttar Pradesh, and Bihar Mumbai/ New Dehi: The southwest monsoon, after a relatively lull phase, has become active over the past two days in belts of eastern, central, northern and western India where mainly pulses, oilseeds, cotton, and paddy are grown. There are forecasts of heavy to very heavy rain. In...
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