-PTI The Punjab Government on Sunday announced freight subsidy for transportation of potato crop to domestic as well as export markets. Potato growers had on Saturday threatened to throw potatoes on the roads in Jalandhar on December 15 to protest the fall in the crop's price to as low as Rs.1 per kg and the “insensitive” attitude of the State government. Announcing a reprieve to potato growers across the State, Punjab Chief Minister...

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

Two ministries concerned with rural development are at loggerheads over running of the government's flagship scheme- the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The agriculture ministry is protesting the way the Rs 40, 000 crore programme is being executed, saying it has increased the burden on agriculture, which is showing just about two percent growth now.   "State-level studies by the Agro Economic Research Centres on wage rate, food security...

-PTI   Punjab Pradesh Congress Committee President Amarinder Singh on Sunday said that Foreign Direct Investment in retail would boost agricultural-based economy of the state.  "Organised multi-brand retail stores are in the interest of both the producers as well as the retailers and consumers," he said.  He pointed out if the farmers have the option of selling directly to retailers, the produce will reach the consumers at a lesser price.  While potatoes sell at an...

A National Sample Survey Organisation ( NSSO) study found that nearly half of the country's farmer households are in debt. Andhra Pradesh, Tamil Nadu and Punjab are the top three states recording highest percentage of farmers in debt.  Of the 89.35 million farmer households in the country, 43.42 million are unable to come out of the debt trap, the report said. AP tops the chart with 82% of farmers in debt,...