-The Hindu Business Line The Government should honour its MSP promise and lift trade curbs The Government move to impose an import duty of 10 per cent on wheat and tur is a timely one. With a bumper harvest likely in wheat this year, market prices have dropped below MSP. Apart from estimates of higher arrivals in mandis, higher imports in recent months too have hit prices. In January alone, 1.13 million...
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Karnataka wants Centre to buy more tur for buffer stocks, extend purchase period -Vishwanath Kulkarni
-The Hindu Business Line Bengaluru: Prices of tur (red gram) continue to rule below the minimum support price (MSP) levels in Karnataka, though procurement of the pulses crop is seen registering a 10-fold increase in the current year over the previous high. As a result, the State is approaching the Centre to increase procurement by another 1.5 lakh tonnes while extending the purchase period by a month. “The procurement we have done this...
More »Does the Banking System Really Want to Help Farmers? -Devinder Sharma
-TheWire.in The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon. The Gujarat government gave a loan of Rs 456.79 crore to the Tatas to set up the Nano plant at Sanand, near Ahmedabad. The Gujarat government has acknowledged that the massive loan was given at an interest of 0.1%, to be paid back in...
More »Droughts, floods, and suicides: What Bihar can teach Maharashtra and other states -Sanjiv Phansalkar
-VillageSquare.in A deeper dive is needed to draw insights from the low prevalence of farmer suicides in Bihar than in more developed regions of India such as Maharashtra, Tamil Nadu, and Andhra Pradesh Suicide is among the most important antecedents of death in India, perhaps equaling, if not exceeding, road accidents. The better-developed and governed states of Kerala, Tamil Nadu, Puducherry and Andhra Pradesh show a higher incidence of suicides (number of...
More »Why Are Banks Deducting Money From Farmers' Accounts Without Permission? -Nitika Kakkar and Deepak Vaishnav
-TheWire.in Banks are deducting ‘crop insurance premiums’ from farmers’ current accounts without their knowledge. In the Bhivani district of Haryana, a 49-year-old farmer, Bansi Lal, complained that Rs 2,480 was deducted from an account that was linked to his Kissan Credit Card (KCC), without his knowledge. Upon enquiry, the bank informed him that the money was deducted under the Pradhan Mantri Fasal Bima Yojna (PMFBY). But when he told the bank that...
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