-The Hindu Business Line Agri-tech firms or farmer producer companies enjoy no benefits under GST. This will hit entrepreneurial spirit in the sector In 1991, India saw an LPG blast — liberalisation, privatisation and globalisation that changed the face of the country permanently. After 25 years from 1991, a fortnight ago, we experienced another revolutionary reform — GST with the promise of “One country-One tax”. Like any other person, I started reading...
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Govt to introduce new product pricing rules that bar sales over MRP
-The Hindu From January 1, 2018, the price of a packaged goods would no longer depend on where you bought it – be it a local kirana store, a mall, a five-star hotel or an airport. The Consumer Affairs ministry has amended the rules that govern packaged commodities to this effect. As per the amended Legal Metrology rules for packaged commodities that will come into effect from the next calendar year, the...
More »GST from 1 July: Will farmers have to pay higher MRP on old fertiliser stocks worth Rs 9,500 cr?
-FirstPost.com The rollout of the goods and services tax (GST) starting 1 July has created a panic situation for the fertiliser industry mirroring a similar state of affairs a few weeks earlier with the consumer staple and home appliance manufacturers. An estimated 65 lakh tonne (lt) of bagged fertiliser material worth around Rs 9,500 crore already has the existing maximum retail price (MRP) printed on it. With the rise in GST rates,...
More »Instead of farm loan waivers, invest more in agricultural infrastructure -Himanshu
-Livemint.com Not only better integration of farmers with markets, but also large investments in agriculture are the need of the hour The deaths of five farmers in Madhya Pradesh’s Mandsaur district has brought the crisis in agriculture centre stage. While the latest incident may have got media coverage, the fact is that the crisis has been in the making for some time. It intensified in the last one year but signs of...
More »The crops of wrath -Harish Damodaran
-The Indian Express Demonetisation may not have hit agriculture production but it is the cause for the current unrest When demonetisation happened, many, including this writer, thought the decision, taken at the start of rabi plantings in November, would significantly impact farm production. We were proved wrong. Good monsoon rains, after successive drought years, besides the timely onset of winter conducive to germination, turned out to be strong motivations for farmers...
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