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Pulses prices fall below MSP; lifting of export ban sought -Jayashree Bhosale

-The Economic Times PUNE: Pulses traders have demanded lifting of the decade-old ban on export of the commodity as prices of all varieties, except chana, have fallen below the minimum support price (MSP). They have cautioned that if prices continue to remain subdued, farmers might shift to other crops. “The government should allow export of pulses to support prices,“ said Bimal Kothari, vice-president of Indian Pulses and Grains Association. India had banned export...

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Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil

-Livemint.com Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist. Farmers are getting paid for their produce by traders either by cheque or via...

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Bengal's potato growers hit by demonetisation -Suvojit Bagchi

-The Hindu With grocers and cold storage owners refusing to accept scrapped currency notes, farmers are struggling to get potato seeds while landless labourers are forced to forgo their food. Chitra Bag and her family of six are eating less these days. They make do with one meal instead of the usual three meals, despite a gruelling 8-10 hours of work daily as landless farm labourers. Even though vegetables, grown around their...

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Rural distress -TK Rajalakshmi

-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...

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Rs. 35,000 cr. to ease rural cash crunch -Manojit Saha & Vikas Vasudeva

-The Hindu Centre relaxes curbs, allows farmers to buy seeds with old Rs. 500 notes. Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December. The Centre also relaxed its demonetisation policy for high-value currency notes further by allowing farmers to buy seeds...

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