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Demonetisation crushes green shoots in rural India -Rashmi Pratap

-The Hindu Business Line Rabi sowing down; sales of tractors and two-wheelers dip Mumbai: The demonetisation of high-value currency notes seems to have crushed the tender green shoots of economic recovery in rural India by choking off life-sustaining money supply and impeding the wheels of commerce from spinning. From FMCG firms to two-wheelers to tractor makers, companies had been looking forward to an increase in rural demand in the wake of an adequate...

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Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil

-Livemint.com Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist. Farmers are getting paid for their produce by traders either by cheque or via...

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e-NAM - a long way to go -Rajalakshmi Nirmal

-The Hindu Business Line The electronic-National Agriculture Market is a sound idea but implementation is at a nascent stage Farmers in Telangana staged a protest last Monday, demanding discontinuation of the electronic-national agriculture market (e-NAM) platform and restoration of the previous platform provided by NCDEX e-Markets. It followed the failure of the software to accommodate the heavy volumes of the peak season arrivals, beginning with maize and soyabean. The Agriculture Produce Marketing Committee (APMC)...

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How Maharashtra is changing the way farmers sell their produce -Abhiram Ghadyalpatil

-Livemint.com Maharashtra’s farmer-to-consumer markets and APMC reforms are changing the state’s agriculture sector, long-burdened by economic and political pressures Mumbai: These days, Lata Arun Dimble is out at 8am in her farm in Khed Shivapur. Along with husband Arun and son Ajit, she picks brinjal, tomato, chilly, cucumber, spinach, radish, bitter gourd, cabbage, cauliflower, and green peas. By 11am, the vegetables are loaded onto a mini-truck her husband owns. It’s the same story...

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An APMC tale: why market design matters -Niranjan Rajadhyaksha

-Livemint.com The APMC legislation has in effect created fragmented markets—small trading zones that can quite easily be captured by trader cartels Makeshift markets have sprung up in several cities in Maharashtra over the past few weeks, after the state government led by Devendra Fadnavis allowed farmers to sell vegetables and fruit directly to consumers. They are now allowed to bring their produce directly to cities rather than sell them in markets...

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