-Livemint.com According to Nafed, the central agency assigned to procure directly from farmers at government-set MSP, 6.34 million tonnes of pulses and oilseeds were purchased from about 3.5 million farmers till 22 June New Delhi: The central government procured a record Rs29,070 crore worth of pulses and oilseeds from farmers at minimum support prices (MSPs) in the 2017-18 crop season, arresting what could have been a sharper fall in wholesale prices. The procurement...
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NABARD figures misleading: Gujarat DCCBs collected highest average banned notes -Quaid Najmi
-National Herald/ IANS The National Bank for Agiculture & Rural Development (NABARD) had said in a statement on Friday, June 22 that demonetised ?500 and ?1,000 notes presented to district cooperative central banks (DCCBs) in Maharashtra were higher than those deposited in Gujarat, followed by Kerala. This statement, in essence, may be misleading. According to RTI information secured by Mumbai activist Manoranjan S Roy, Maharashtra's 30 DCCBs (out of total 370) secured...
More »Not all milk and honey -Ashok Gulati & Ritika Juneja
-The Indian Express Only 21 per cent of India’s milk production gets processed through the organised sector and the rest passes through unorganised small players. And that’s where the crisis is most intense. Farmers, who had high expectations from the Narendra Modi government, are a disillusioned lot today. Market prices of several crops have remained well below their minimum support prices (MSPs). Moreover, milk prices have fallen by 20 per cent...
More »3 months after selling chana, farmers yet to get dues -Ramu Bhagwat
-The Times of India NAGPUR: As apprehended, the already distressed Vidarbha farmers are facing a severe cash crunch because of government apathy on three fronts. First, payments for tur and chana procured at MSP have been delayed. Then roll-out of loan waiver has been total mess and could not be completed a year after its announcement. Now, nationalized banks are reluctant to provide crop loans. With rains having arrived, farmers are running...
More »Ahmedabad District cooperative Bank collected highest amount of banned notes among DCCBs: RTI reply
-IANS A district cooperative bank, Ahmedabad District cooperative Bank (ADCB), netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. ADCB secured deposits of Rs 745.59 crore of the spiked notes -- in just five days after Prime Minister Narendra Modi made the demonetisation announcement. All the district cooperative banks...
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