-The Hindu Agricultural policy should look to address the problem of severe price fluctuations There appears to be no end in sight to the cycle of boom and bust in the prices of agricultural goods. Over the last few weeks, across India the price of potatoes has fallen sharply after a year of bumper production. With the price of a kilogram of potato dropping as low as under a rupee in certain...
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What to expect in 2018 from the farm sector: prices could hold key to several political fortunes -Harish Damodaran & Parthasarathi Biswas
-The Indian Express Agricultural prices crashed in April-June, just when a bumper rabi crop had been harvested after two years of drought, and despite demonetisation. 2017 was agriculture’s annus horribilis. The reason wasn’t monsoon failure (as in 2014 and 2015) or unseasonal rain and hail (as in March 2015); the year was, in fact, largely free of extreme weather events, resulting in a record output of wheat, pulses, cotton, potato and a...
More »Bitcoins like Ponzi schemes: Govt
-The Times of India NEW DELHI: The government on Friday cautioned people against the risk of virtual currencies, saying they are not legal tender and do not have any regulatory permission or protection in India. In one of the sternest warnings by the authorities, the government said virtual currencies are not backed by government fiat. The caution comes against the backdrop of a surge in interest in such instruments, fuelled by astronomical...
More »Tomato prices plunge to 50 paise a kg, leave farmers in tears in Andhra Pradesh
-The New Indian Express KURNOOL: Prices of tomatoes have crashed to as low as 50 paise per kg at Pattikonda and Alur wholesale markets of Kurnool district after a bumper harvest and low demand, leaving farmers in tears. After transporting the produce to the market by incurring a huge cost, the farmers come to know that the prices have slumped a new low. Not knowing what to do — whether...
More »Rural anti-incumbency is the key takeaway from the Gujarat results
-Hindustan Times Farm distress is not confined to Gujarat alone. The economic viability of farming is increasingly coming under stress. Uncertain rainfall and price fluctuations can make things even worse in bad years What is the biggest political economy takeaway from the 2017 Gujarat elections? The schism between India and Bharat is for real. The BJP’s victory is only due to its dominance in urban areas. The Congress has won a majority...
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