-The Telegraph Market prices too low, and trucking product to procurement centres not viable Bolpur (Birbhum) and Calcutta: A paddy challenge has sprouted for Bengal’s Farmers with market rates dipping and sales to the state government at the minimum support price running into hurdles. Sources said the price for a quintal of kharif (monsoon) paddy was hovering between Rs 1,450 and Rs 1,500 in the market, which leaves them with hardly any profit...
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As glut hits prices in Maharashtra onion hub, Farmers lose hope, brace for bleak new year -Kavitha Iyer & Parthasarathi Biswas
-The Indian Express By all accounts, 2018 has been a year of deep losses for Maharashtra’s onion growers. IT HAS been a couple of weeks since Sanjay Balkrishna Sathe, 44, sent Prime Minister Narendra Modi an online money order of Rs 1,064 — the proceeds from the sale of 750 kg of his “top quality” onions at the Niphad marketplace in Nashik, home to half of India’s onion crop. The money...
More »Oilseeds, pulses procurement progressing at a snail's pace -Madhvi Sally
-The Economic Times NEW DELHI: The prime minister’s pet scheme to ensure higher income for Farmers through robust procurement in coordination with states is moving at a snail’s pace, with just about 11% of the target achieved in the first two months, officials said. Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (Nafed), which have a target to procure 33 lakh tonne of oilseeds and pulses...
More »A self-goal for India -Santosh Mehrotra
-The Hindu There are substantive reasons for the questions being raised about the new GDP back series Without in any way impugning the integrity of the Central Statistics Office (CSO), most knowledgeable people are asking: if most important indicators of the Indian economy were better in 2004-2014, how is the GDP growth rate higher in estimates just released (7.4% per annum since 2014 and only 6.7% per annum in 2005-2014)? This is...
More »No farm loan waiver: Centre
-The Hindu Write-offs encourage defaulters, affect credit culture, Union Minister of State for Agriculture Parshottam Rupala tells Lok Sabha. On a day when the BJP’s loss in three State elections was partly attributed to rural distress and the Congress’s promise to waive farm loans, the government told the Lok Sabha that it was not considering any loan waiver scheme as it would affect the credit culture, incentivise defaulters, create a moral hazard...
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