-ThePrint.in Modi govt reduced the import duty on masoor to less than half on 2 June. Farmers and traders allege move is to aid influential trading groups. New Delhi: Farmers and traders are disappointed with the Narendra Modi government over its decision to cut the import duty on lentils (masoor dal) to less than half even as the international prices have spiked by over 12 per cent. The agricultural stakeholders criticised the move...
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Centre's Economic Package Addresses Long Term Issues, Not Immediate Concerns of Farmers -Mayank Aggarwal
-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...
More »Need new stimulus of Rs.10 lakh crore: Economists Collective
-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...
More »CCEA nod for sharp hike in MSP for pulses, oilseeds
-The Hindu Cabinet also extended the repayment date for standard short-term loans upto ₹3 lakh for agriculture and allied activities, till August 31, 2020. The Cabinet Committee on Economic Affairs (CCEA) on Monday approved an increase in the Minimum Support Prices (MSPs) for all mandated kharif crops, including paddy, pulses and cotton, for the 2020-21 marketing season. The Union Cabinet also extended the repayment date for standard short-term loans upto ₹3 lakh for...
More »Centre hikes support prices of kharif crops -Sayantan Bera
-Livemint.com * But the marginal increase is unlikely to cheer farmers hit by falling prices * The increase in MSP ensures that farmers will receive a price between 50% to 83% over their production costs, agriculture minister Narendra Singh Tomar says NEW DELHI: The central government on Monday announced Minimum Support Prices (MSPs) of 14 kharif crops, planting for which will begin shortly with the progress of the annual monsoon. MSPs of major rain-fed...
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