-Newsclick.in Forget 50 percent profit over the cost of production, the farmers were forced to sell their produce at well below the minimum support price and the cost of production, pushing them deeper into debt. Farming turning increasingly unviable across vast swathes of India, and the Narendra Modi-led government not delivering on the BJP’s election promise to “make agriculture rewarding” lie behind the massive protests that have rocked several BJP-ruled states in...
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Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »Food safety authority's draft amendments include fatty acids composition in edible oil -Meenakshi Verma Ambwani
-The Hindu Business Line New Delhi: In a bid to curb misleading claims and adulteration in edible oils, the Food Safety and Standards Authority (FSSAI) has notified a draft regulation that sets standards for the permissible composition of fatty acids in various types of edible oils. The amendments in the regulation have been introduced at a time when edible oil companies have been increasingly looking at launching blended oil products to woo...
More »Bleeding banks need more than a bandage -Shachi Singh
-GoI Monitor The NPAs have risen to Rs 10 lakh crore and farm loans make a very small portion of it. Will the recent RBI actions help? THE RESERVE Bank of India (RBI) has decided to act against 12 big corporates responsible for 25 per cent of the Rs 10 lakh-crore non-performing assets (NPAs) in Indian banks. However, despite Supreme Court's order in 2015, the RBI has refused to make the list...
More »60% of all east-bound trains ran late in May -Avishek G Dastidar
-The Indian Express In May, data shows, only 3.04 per cent trains lost punctuality due to law and order problems. Rail passengers travelling to the eastern parts of the country from the north were most affected by train delays in May, according to official data obtained by The Indian Express. The data show that of the 19,450 trains that failed to keep time from May 1 to May 30 across India, around...
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