-The Hindu Business Line Pulses, wheat, oilseeds gain area New Delhi: Sowing in the on-going rabi season maintained its pace of low growth in the new year with rice and coarse cereals posting a decline and oilseeds remaining stagnant compared with the average of the last five years. Total sowing till January 6 increased 2.76 per cent to 602.75 lakh hectares (lh) compared with the previous five year’s average (normal of corresponding week)...
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Usurers cash in as bank loans to farmers dry up -Bhavika Jain
-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
More »Pronab Sen, Country director of the International Growth Centre, interviewed by Ajaz Ashraf
-Scroll.in India’s first chief statistician, Pronab Sen, is now country director of the International Growth Centre, which seeks to build effective growth facilities through engagement between policymakers and researchers. In this interview to Scroll.in, he speaks on the 50 days of demonetisation, its failings, its severe impact on the poor, the loss of credibility of the Reserve Bank of India, the push to make India a cashless or less-cash economy, and...
More »Sowing of winter crops complete in 81% area so far -Prerna Kapoor
-Livemint.com Sowing of wheat, the main winter or rabi crop, 0.9% lower than the normal area of 25.8 million hectares; rice sowing lagging by 33% New Delhi: Sowing of winter crops is 81% complete and overall planting is close to the normal acreage for this time of the year, shows data released by the farm ministry on Friday. Sowing of rice has been affected due to a deficit in the north-east monsoon in...
More »As if drought weren't bad enough -Marx Tejaswi
-The New Indian Express BALLARI: Demonetisation couldn't have come at a worse time for farmers in Ballari district. November is when they harvest the kharif crop and sow for rabi. Even as they were coming to terms with the carryover effects of drought and low prices, Prime Minister Narendra Modi pulled a fast one on them. Lepakshi Naidu, a farmer of Hosapete taluk, says demonetization left him with no cash to buy...
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