-Livemint.com Nearly 40% of loans taken by agricultural households come from informal sources, shows data New Delhi: Demonetisation of high value currency has impacted the rural and agriculture sectors in several ways. In the days following Prime Minister Narendra Modi announcing withdrawal of Rs500 and Rs1,000 notes, trade in wholesale markets took a hit due to the acute cash crunch and farmers resorted to distress sales of perishables like fruits and vegetables....
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Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »Key changes to back more crops likely -Yogima Sharma
-The Economic Times NEW DELHI: In a big shift in the food security policy, the government is set to include crops other than wheat and rice that are now more in demand due to higher incomes and changing nutritional requirements. This will mean greater production of crops such as pulses, subsidy for fertilisers for other crops and incentivising farmers to diversify the crop basket. The Niti Aayog could drive the change in...
More »Cheque payments making farmers' lives more difficult -Madhvi Sally & Jayashree Bhosale
-The Economic Times NEW DELHI | PUNE: Post demonetisation, Manjit Singh, a farmer in Punjab, is grappling with a new financial reality — a queer mix of debit and credit in cashstarved villages where farmers are beginning to get some payments in cheques while their suppliers want currency notes. The vegetable and paddy farmer from Malerkotla is yet to receive Rs 35,000 from commission agents who took his produce. He has bought...
More »Despite the 'war on drought', Andhra Pradesh fails to save crops
-PTI The “war on drought” announced by Andhra Pradesh chief minister N Chandrababu Naidu has failed to yield the desired results, with groundnut crop output plummeting despite crores of rupees spent on providing water for irrigation. Scanty rain during July-August prompted the state government to declare a ‘war’ on drought by deploying thousands of rain guns to wet standing groundnut crops in 15 lakh acres in Anantapuramu district, 4.5 lakh acres in...
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