-The Indian Express Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season. The defining feature of Indian agriculture in the last five years — much of it under the Narendra Modi government’s tenure — has been low prices for farm produce. The accompanying...
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Worst price slump in 18 years shows scale of farm crisis -Roshan Kishore
-Hindustan Times The agrarian crisis is one of the factors that may have resulted in the BJP’s loss in three Hindi heartland states of Chhattisgarh, Rajasthan and Madhya Pradesh in December, according to analysts, and the party clearly doesn’t want it to affect its prospects in the 2019 parliamentary elections. New Delhi: This financial year, 2018-19 could end up being the worst year for farm incomes in almost two decades, government data...
More »Retail inflation eases to 18-month low in Dec.
-The Hindu Wholesale inflation at eight-month low Inflation in December eased at both the retail and wholesale levels with the consumer price index (CPI) coming in at an 18-month low and the Wholesale Price index (WPI) registering an eight-month low mainly due to falling fuel prices, according to two separate releases by the government on Monday. Growth in the CPI stood at 2.19% in December, down from the 2.33% registered in November. The...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
More »Slumping potato prices hit farmers, but worse is yet to come -Kiran Pandey
-Down to Earth Farmers and cold storage owners pay the price of producing and storing bumper crops as Wholesale Prices dip by 39-50 per cent in December Hit by low Wholesale Prices, potato farmers in Uttar Pradesh and Punjab have not been able to recover even the production cost of the crop as market price of potatoes crashed by 39-50 per cent in December 2018, shows the latest report on the crop...
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