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The misery of farmers in the midst of plenty -Himanshu

-Livemint.com For the first time during the tenure of the present government, overall inflation of food articles is negative, implying a decline in prices Last week the India Meteorological Department (IMD) presented its first forecast for the monsoon this year. The forecast at 97% of the long period average (LPA) suggested yet a third year of normal monsoon rains, following 2016 and 2017. This should have ideally brought cheer to farmers struggling...

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Demonetisation 2.0: cash crunch hits farmers, again -Banjot Kaur

-Down to Earth More than creating financial crunch for upcoming sowing season, cash crunch is impacting the prices at which farmers are selling their produce While the Union government is promising that cash crunch in the market would end soon, the farmers have already started feeling the pinch badly. The fears of demonetisation have come back for them. They are in soup because not only is this the harvest season, but also...

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Big-note hoarding habit contagious

-The Telegraph Mumbai: Research by the State Bank of India suggests currency notes of higher denominations, especially Rs 2000 notes, are "not getting adequately circulated in the economy" and the tendency to hoard cash may be having a domino effect. An SBI research report tries to provide a theoretical basis for the sudden evaporation of cash in some states by linking the phenomenon to the sharp decline in "income velocity" in the...

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Cash shortage likely to get worse in Delhi-NCR, Mumbai as ATMs run dry

-BusinessToday.in As the problem of sudden cash crunch hits several states of the country, India's two major regions, the Delhi-NCR and Mumbai, can severely get affected in the coming days if the situation persists. According to sources in one of the largest private banks in the country, in the past one week the Delhi-NCR region received around 20 per cent of the cash supply it used to get on a daily...

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Can goats secure livelihood for small and marginal farmers?

-Down to Earth The Centre's discussions on boosting the goat sector to double farmers’ incomes may be futile if fodder and grazing lands, both diminishing, are not ensured Since goats were domesticated 10,000 years ago, they have been poor people’s most reliable livelihood insurance. In India, goats are the most reliable source of earning a living in ecologically degraded areas. The reason: a goat has everything a poor or a person...

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