-Livemint.com There is a growing risk that inflation may spike in the coming months The sharp drop in prices of farm products over the past few months has not just upset farmers across the country, but also seems to have complicated the task of India’s monetary authorities. The minutes of the last meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) show that the committee is divided...
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Farmer organisations from Punjab to join Mandsaur protest march -Anju Agnihotri Chaba
-The Indian Express The protest march will reach ‘Jantar mantar’ in Delhi on July 18 and will focus on only two main issues — “total loan waiver for all farmers and providing one-and-half times more price of the total production cost of the crop”. Jalandhar: Despite Punjab government’s loan waiver announcement, four farmers’ organisations from Punjab have decided to participate in the national-level protest under the banner of Akhil Bhartiya Kisan Sangharsh...
More »GST Council cuts tax rate on fertiliser to 5%
-PTI New Delhi: Just a couple of hours before the Goods and Services Tax (GST) roll out, the all-powerful GST Council tonight reduced the tax rate on fertiliser to 5 per cent from previously decided 12 per cent. Finance Minister Arun Jaitley, who heads the GST Council comprising representatives of states, said the decision to reduce the tax rate on fertiliser was taken because of apprehensions that price of the crop nutrient...
More »Agriculture finance: Post-demonetisation, cooperative banks in Maharashtra fail to disburse kharif crop loans to farmers -Partha Sarathi Biswas
-The Indian Express First, it was demonetisation and crop price crash; now it is the collapse of cooperative credit that is hurting farmers during peak kharif operations. For most Maharashtra farmers, drying up of institutional finance for kharif farming operations is what’s really hurting. Nashik (Maharashtra): Last kharif, the Nashik District Central Cooperative Bank (NDCCB) disbursed Rs 1,608.55 crore of crop loans during April-June, exceeding its target of Rs 1,257.18 crore. This...
More »Ground water levels declining fast in Maharashtra -Zeeshan Shaikh
-The Indian Express The study compared pre-monsoon water level data for 1,487 wells selected from across Maharashtra with the decadal mean between 2006-2015. This study indicated a decline in ground water levels in 70 per cent of the wells monitored. Mumbai: The low intensity of rains across the state, especially in cities like Mumbai, may have led to consternation but Maharashtra faces a larger problem in the long run due to a...
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