-The Indian Express The data was shared with Rajya Sabha Friday by Raosaheb Patil Danve, Minister of State for Consumer Affairs, Food and Public Distribution, who gave a written reply to an unstarred question. The number of wheat farmers who availed the minimum support price (MSP) has doubled in the last five years, while the number of such paddy farmers has increased by 70 per cent during the same period, according to...
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Tumbling down -Renu Kohli
-The Telegraph The slump in the GDP and the pain ahead The -23.9 per cent shrinkage in the April-June GDP is not a surprise as nearly half the period witnessed a national lockdown. It’s also not surprising that this loss is the world’s steepest for India’s lockdown was the most stringent and the accompanying fiscal policy response the weakest. But the quarter per cent slump did surprise most analysts who have since...
More »Rural distress looms: dip in crop prices, remittances; rising Covid cases -Aanchal Magazine, Sunny Verma and Anil Sasi
-The Indian Express While the over 3% agriculture growth in the first quarter factored in strong Rabi procurement, with high-price realisations getting reflected in the output numbers, fresh data from mandis indicate a slide in the prices of the intercrop produce — horticulture, milk and poultry etc. The rural sector may have held out the only sliver of hope amid the broader collapse in the first-quarter GDP numbers but there are fresh...
More »Rs 150,000 crore plus: the govt stimulus for rural areas post lockdown -Harish Damodaran
-The Indian Express That’s the actual liquidity pumped into rural areas by government post lockdown – through grain procurement, PM-Kisan and MGNREGA wages. There are many parallels one can draw between the novel coronavirus-induced lockdown (gharbandi) and demonetisation (notebandi), in terms of their impact on India’s farm economy. Both resulted in the same thing – demand destruction – albeit through different routes. Notebandi caused a haemorrhaging of liquidity from the predominantly cash-based farm...
More »India let 65 lakh tonnes of grain go to waste in four months, even as the poor went hungry -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais
-Scroll.in ‘In a period when people have been dying of hunger, the government has increased the amount of grain it is hoarding in its godowns.’ Instead of using its grain stocks to feed the poor and hungry during the coronavirus-lockdown crisis, the Indian government is letting this food rot in its godowns. The government does not have proper storage facilities for stocking such a large amount of excess grain. Since much of...
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