-TheWire.in The government has failed to provide compensation and relief to farmers for the losses suffered during the lockdown, primarily because it lacks the fiscal space. New Delhi: On Friday, finance minister Nirmala Sitharaman held her third press conference in as many days to follow up on Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore financial stimulus package. After focussing on Micro, Small and Medium Enterprises (MSMEs), and migrant...
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Chhattisgarh purchased highest value of minor forest produce in country amid lockdown -Ritesh Mishra
-Hindustan Times The government officials quoted the data, released by the Central government-run Tribal Cooperative marketing Development Federation of India (TRIFED), to highlight that Chhattisgarh’s purchase has been the highest in the country to alleviate the plight of the state’s poor forest dwellers and tribal villagers, who are dependent on the MFP for their livelihood. Raipur: Chhattisgarh government has announced that it has topped the country in the purchase of minor forest...
More »Breakdown of Agricultural Supply Chains during the COVID-19 Lockdown -Vikas Rawal and Ankur Verma
-Vikalp.ind.in The sudden imposition of a national lockdown to contain the spread of COVID-19 has impacted the agricultural sector in many different ways. Of these, the disruption in the functioning of the agricultural markets has been one of the most significant. The lockdown was announced with little planning. Despite the fact that the rabi crops were being harvested or were about to be harvested in many parts of the country, the central...
More »Why Sitharaman’s 'Pulses For All' Promise Still Hasn't Been Implemented -Kabir Agarwal and Dheeraj Mishra
-TheWire.in New Delhi: On March 26, finance minister Nirmala Sitharaman announced that the government had decided that all ration card holders in India will be provided one kilogram of pulses every month starting April, for a period of three months. This was a part of the PM Garib Kalyan package – the Centre’s only relief measure so far to deal with the consequences of the lockdown for the poor. Almost a month...
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