-The Financial Express Kochi: Drought and high temperatures in the plantation regions of Kerala are likely to cause irreparable damage to the crops. Association of Planters of Kerala reports that the plantation sector is facing one of the worst drought conditions in last 115 years and crop production had reduced by 30% in tea, 14% in rubber, 60% in cardamom and 40% in coffee. Most of the agri-commodities are highly monsoon sensitive...
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SC orders Kerala to compensate Endosulfan victims in 90 days
-Down to Earth Over 20 years of aerial spraying on cashew plantations in Kerala and other states has left many with mental and physical disorders The Supreme Court, on Tuesday, directed the Kerala government to pay Rs 500 crores in three months as compensation to over 5,000 victims of the use of Endosulfan pesticide. People, especially newborns, have suffered deformaties, health complications and loss of family members due to exposure to...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
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 »Artificially created distress -Utsa Patnaik
-The Hindu To prevent further damage to the economy and to relieve distress, demonetisation should be revoked immediately Without adequate preparation or thought, the monetary authorities and the government have taken a drastic step declaring as worthless over 86 per cent by value of the currency notes in circulation with the public. A prior large increase of lower denomination notes should have been ensured through banks and ATMs, so that overall money...
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