-Voice of America NEW DELHI: Unseasonable rains and hailstorms have damaged wide swathes of crops in India, one of the world’s biggest producers of commodities such as wheat. The government has promised to enhance compensation for millions of farmers, who are staring at huge losses. Rains lashed much of India through March -- normally the time when dry weather and rising temperatures ripen the wheat crop, making it ready to harvest. Besides wheat,...
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From plate to plough: A Baisakhi gift for the farmer -Ashok Gulati
-The Indian Express Unseasonal rains are breaking the back of Indian farmers. The prime minister has taken the first step by deciding to raise the existing norms of compensation by a hefty 50 per cent - from the existing Rs 9,000 per hectare for irrigated crop, Rs 4,500 per ha for unirrigated crop and Rs 12,000 per ha for perennial crop. Further, the compensation will be given to all those who...
More »A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee
-The Financial Express A forensic report prepared for the Serious Fraud Investigation Office (SFIO) shows over a third of India's top 500 companies, including those in the top 100, are "managing" their accounts. It finds that companies where promoters hold more than 50% of total shareholding are more likely to take such steps to impress markets with their performance. Both domestic companies and subsidiaries of multinationals listed in India show similar trends...
More »Odisha sees red at cash transfer plan -Subrat Das
-The Telegraph Bhubaneswar: The state government has opposed the Shanta Kumar Committee's recommendation for direct cash transfer through the public distribution system (PDS) instead of subsidised food grain supply to the beneficiaries. Officially, the state's opposition is based on the argument that cash transfer would affect farmers, as procurement from them would stop. However, sources said the state was worried about the move's fallout on its scheme providing rice to the poor...
More »Maharashtra's drought-hit farmers without Bank Accounts denied aid -Priyanka Kakodkar
-The Times of India MUMBAI: A staggering Rs 460 crore disbursed by the Maharashtra government as compensation for drought-hit farmers has come right back to the state's coffers. The key reason it could not be distributed, officials admit, is that lakhs of farmers impacted by the calamity do not have Bank Accounts - now a mandatory requirement for aid recipients. Since 2014, Maharashtra has been allotting aid only to Bank Accounts of...
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