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Rabi sowing picking up pace despite demonetisation woes

-The Hindu Business Line Acreage, however, a tad lower than last five years’ average New Delhi: Despite demonetisation leading to a cash crunch in the economy, the sowing of Rabi crops in the season so far, at 415.53 lakh hectares, was 8.5 per cent greater than the 382.84 lakh hectares sown in the same period last year. While acreage under wheat, pulses and oilseeds increased compared to the same period last year, rice...

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Cash crunch leaves farmers high and dry in MP's Bundelkhand

-Hindustan Times Bhopal: The Centre’s demonetisation move has hit the farmers in MP’s Bundelkhand hard who were hoping for good rabi crops after facing four years of hardships owing to drought in the region. Farming is the main occupation in the region, and heavy rains this year had brought smiles on the faces of farmers. As the sowing for winter crops was almost complete in this part of the state before demonetisation was...

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Modi govt yet to match UPA's economic record -Krishna Kant

-Business Standard GDP the only variable where the current government has kept pace with the previous one Mumbai: The Narendra Modi government needs to grow economy at twice the speed in its second term to catch up with the economic performance of the previous United Progressive Alliance-II (UPA-II) government and even faster if it wishes to trounce UPA-I’s record. For example, the manufacturing sector needs to grow at a compounded annual growth rate...

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Farmers short of cash, West Bengal stares at 1/3 paddy wastage -Aniruddha Ghosal

-The Indian Express The problem is particularly pronounced in Bardhaman district — known as the rice bowl of Bengal. Kolkata: West Bengal’s agriculture department has estimated that 35 per cent of the monsoon paddy might go waste if not harvested in time, an exercise that has been badly hit with farmers lacking the cash to pay for labour. The estimate is part of an agriculture department report, commissioned to assess the impact...

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Oil mills in Modi backyard idle minus cash -Basant Rawat

-The Telegraph Ahmedabad: Samir Shah never had such spare time in his life as an oil mill owner. This is, after all, the peak season when mills buy oil seeds that are available after the harvesting of kharif crops. But the Saurashtra businessman has been sitting idle the past fortnight. There's no cash to do business. The demonetisation drive has left entrepreneurs like him with a shrunken wallet. And farmers don't usually accept...

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