-Livemint.com Wholesale prices of just-harvested kharif pulses have dropped below the government’s minimum support prices (MSP) despite a lower crop output New Delhi: Wholesale prices of just harvested kharif pulses have dropped below the government’s minimum support prices (MSP) despite a lower crop output, forcing farmers to sell their produce at a loss in states such as Rajasthan. For instance, price data from wholesale markets available on the Agmarket website showed that on...
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Farmers' protests shake Narendra Modi's 2019 bid as Indian economy slows -Archana Chaudhary
-Livemint.com For Narendra Modi, the protests involving hundreds of thousands of farmers highlight his struggle to deliver on the promises that swept him to power New Delhi: Anger over falling farm incomes has spilled onto streets across a swathe of India’s largest states as farmers struggle with food price deflation and a breakdown of the informal agriculture economy. For Prime Minister Narendra Modi—already grappling with a sharp economic slowdown and looming job cuts...
More »Small firms flounder post demonetisation, on GST: RBI study
-The Indian Express The RBI which studied the results of 2,726 non-government and non-financial companies said the overall EBIDTA of these corporate showed a 0.2 per cent increase. However, net profit declined by 6.9 per cent even as sales improved by 7.2 per cent. Mumbai: Small companies are finding the going tough with sales and profits taking a big beating in the wake of demonetisation and implementation of Goods and Services Tax (GST)....
More »Cattle and cash curbs stoke farm revolt -Arnab Ganguly
-The Telegraph Sikar (Rajasthan): A 13-day agitation by Rajasthan's farmers, joined by about 100 disc jockeys with sound systems blaring, has forced the Vasundhara Raje government to agree to loan waivers up to Rs 50,000 and payment of the full minimum support price. Some 15,000 farmers had gathered at a mandi in Sikar town, 115km from Jaipur, on September 1 and by the time the government buckled on September 13 night, their...
More »No tax refund, no working capital: How GST is hurting Indian exporters -Mayank Jain
-Scroll.in Exporters claim that delays in refunds under the new tax code has tied up a substantial amount of their money, thus harming their businesses. Delays in processing tax refunds under the new Goods and Services Tax regime has locked up the funds of exporters, hurting their businesses and affecting their ability to be competitive in international markets. On September 19, a delegation of exporters met Revenue Secretary Hasmukh Adhia, who is...
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