-The Economic Times Agricultural engineer Vilas Shinde has reaped a rich harvest. Sahyadri Farms, the farmer producer company (FPC) set up by him in 2011, has grown to become the largest FPC in the country, with a membership of 8,000 farmers and a turnover of Rs 300 crore. It has overtaken Mahindra Agribusiness to become India’s largest grape exporting company, and many say it may well be on course to revolutionise...
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Aadhaar Judgement: Supreme Court Upholds Validity But Says Don't Need to Link to Bank Accounts, Mobile Phones
-TheWire.in The court has placed strict restrictions on the scope of the project while striking down contentious provisions of the Aadhaar Act. New Delhi: The Supreme Court on Wednesday declared the Aadhaar programme and the Aadhaar Act 2016 to be constitutional, but placed strict LIMitations on the scope of the project while striking down several contentious provisions of the legislation including clauses that allowed sharing of data for national security purposes and...
More »Punjab labour shortage: Rising scarcity of farm workers pushes up production cost, inclination towards machine farming -Arjun Sharma
-Firstpost.com Ludhiana: Free meals, payment in advance, free liquor to ease aching LIMbs after a hard day’s work. Migrant labour in Punjab, mainly from Bihar, West Bengal and Uttar Pradesh, the mainstay of the state’s agriculture sector, has never had it so good. The problem, however, is the decreasing availability of this labour. Ask Baljinder Singh, a farmer with a 10-acre holding in Dakha village. Come sowing season in mid-June, Baljinder...
More »What ails the Indian banking sector? -Pronab Sen
-Livemint.com The problem escalated due to the government’s focus on infrastructure during 2002-09, especially with the efforts made to promote public-private partnerships The past two years or so have seen rapidly increasing stress in the Indian banking sector, with non-performing assets (NPAs) steadily cLIMbing from under 3% to over 13% of total assets. Loan-loss provisioning for NPAs has seriously eroded the capital base of several banks, LIMiting their ability to make further...
More »'Rationalising subsidies, improving infrastructure could revive agri-sector' -Kiran Pandey
-Down to Earth For every million rupees spent on agricultural research, 328 people are pulled out of poverty. In contrast, the same amount spent on power subsidies brings only 23 people come out of poverty. The message is clear. With the Union elections only a few months away, the Centre should prioritise capital investments over populist subsidies to deliver on its promise of strengthening the farm sector. This is important, especially when the...
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