-The Hindu IR8, the high-yielding rice variety helped India fight famine, turns 50 this month In 1967, when a 29-year-old N. Subba Rao sowed a semidwarf variety of rice in over 2,000 hectares in Atchanta, West Godavari district in Andhra Pradesh, he wouldn't have thought he would be part of a revolution in rice cultivation. What Dr. Rao sowed in his farm was IR-8, a rice variety developed by the International Rice Research...
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SC refuses to stay demonetisation proceedings in other courts -Krishnadas Rajagopal
-The Hindu The Supreme Court on Wednesday has refused to stay proceedings in cases filed in other High Courts and lower courts against the demonetisation of Rs. 500 and Rs. 1000 notes. A bench led by Chief Justice of India TS Thakur said the petitions in the various courts highlight "the different inconveniences highlighted in the various cases filed across the country, maybe some relief can be had by these people". Earlier, the...
More »Oil mills in Modi backyard idle minus cash -Basant Rawat
-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...
More »Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva
-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...
More »Small farmers, farm workers bear the brunt as cash becomes scarce
-The Hindu Stories of distress, following a year of drought and now demonetisation, reverberate through State BENGALURU: First, the water in their fields disappeared, and now, the cash in the market. For Rajaiah of Boovanahalli in Hassan district, the cash crunch following demonetisation has seen his yet-to-be harvested maize shrouded in uncertainty. “There are no merchants to purchase as they have no cash,” he said. There is desperation, however, as his entire produce...
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