-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...
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Crisis looms as 20 Karnataka districts receive less rain -Chethan Kumar
-The Times of India BENGALURU: Karnataka has seen a poor monsoon so far, with two districts in the Cauvery basin receiving scanty rain. In 18 other districts, including Bengaluru Urban and Rural, it has been deficient. This makes the next 20 days crucial as they will decide whether the state can escape another drought year. On Monday, farmers from Halebudanuru village in Mandya district held a meeting with government officials demanding that...
More »Why 'one nation, one MSP' is not working -Rajalakshmi Nirmal
-The Hindu Business Line Varied production costs, low-grade produce, limited surplus are key factors Farmers across many States, including Madhya Pradesh and Maharashtra, are up in arms demanding implementation of the National Commission on Farmers report, which suggested fixing the minimum support price (MSP) for crops 50 per cent above the cost of production. But the MSP of many crops already has a built-in profit margin of 40-50 per cent. So, what is...
More »Farmers from Maharashtra to sell produce directly in Delhi -Parthasarathi Biswas
-The Indian Express The FPC movement in Maharashtra has seen much action over the last year or so. Working under the banner of MahaFPC, the FPCs had purchased more than 25,000 MT of tur last year. Pune: After their success in government procurement, the Farmer Producers Companies (FPCs) of Maharashtra are eyeing the wholesale markets in other states as avenues for their produce. In the first phase MahaFPC, the consortium of...
More »Why risks to inflation in India are on the rise -Roshan Kishore
-Livemint.com There is a growing risk that inflation may spike in the coming months The sharp drop in prices of farm products over the past few months has not just upset farmers across the country, but also seems to have complicated the task of India’s monetary authorities. The minutes of the last meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) show that the committee is divided...
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