-TheWire.in Latest survey data confirms the increasing importance of livestock activities, which should come as a signal for policy makers. While the latest decennial NSS 77th round Situation Assessment of Agricultural Households (SAS) shows some improvement in the total income of farmers from various sources, a 10-percentage fall in the share of income from crop cultivation has also been reported during this period, which should be a cause for concern to policy...
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Southern states had a higher proportion of indebted farm households in 2019, shows NSO survey
The Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round), which was released recently, informs one about farm households' income in the crop year 2018-19 and indebtedness in 2019 (as on the date of survey), among other things. Prior to the recent report, Land and Livestock Holding Surveys (LHS) and Situation Assessment Survey (SAS) of Agricultural Households used to be...
More »Potato prices in Bengal drops by 50% on excess production -Shobha Roy
-The Hindu Business Line Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020 Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale price of the tuber (Jyoti variety)...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Chinese loan apps misuse KYC details of Indians to set up fake bank accounts -Mithun MK
-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...
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