-The Tribune Farmers are determined to take it to a logical conclusion SOMETHING unusual happened last week. Farmers in Maharashtra organised an amazing ‘strike’. Last month farmers in a village of Ahmednagar decided that they would stop sending their produce — food grains, vegetables, etc. — to cities from June 1. Soon, the call was adopted by the farmers of the entire district. Before anyone could realise, this resolve had extended to...
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Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
More »The Indian economy finally bares its demonetisation scars -Manas Chakravarty
-Livemint.com Very low GDP growth in the fourth quarter indicates that the slowdown is likely to persist in the current quarter as well Finally, the impact of demonetisation is visible in the gross domestic product (GDP) numbers. Gross value-added (GVA) growth at constant prices fell to a mere 5.6% in the fourth quarter of fiscal year 2017 (FY17), clearly showing the scars of demonetisation on the economy. That’s not all. The headline growth...
More »Shame of unpaid debt a key reason for farmer suicides, finds study -Sayantan Bera
-Livemint.com The RBI-commissioned study listed faulty crop choices and aspirational Consumption patterns as other major factors for farmer suicides New Delhi: Shame arising out of inability to repay loans taken from relatives and acquaintances is a key reason for farmers resorting to suicide, a study commissioned by the Reserve Bank of India (RBI) found. The study titled “Lives in debt: narratives of agrarian distress and farmer suicides”, conducted by researchers at Shiv Nadar...
More »5% GST on hulled grain may hit millets hard -Sharath S Srivatsa
-The Hindu Millet traders plan to approach Finance Ministry for relief; tax rate will not only affect consumers, but also farmers Bengaluru (Karnataka): The 5% tax on hulled grain, under the Goods and Service Tax (GST) to be rolled out from July 1, is going to be a dampener for many. For the first time, millet rice is coming into the tax bracket, and this will make it dearer for consumers. Known for...
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