-Scroll.in Soyabean, the main crop of Malwa region, has seen a sharp fall in prices. As a small-time commission agent who buys soyabean from farmers on behalf of oilseed crushing companies in Indore, Manilal Patel has a ringside view of what sparked the farmer unrest in western Madhya Pradesh this month. The fertile Malwa plateau here produces around 20% of India’s’s soyabean. As much as 80% of the crop used to be...
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Is Cattle Slaughter Ban Smart Economics? Chief Economic Advisor Arvind Subramanian Speaks Up -Aloke Tikku
-NDTV Chief Economic Adviser Arvind Subramanian says farmers would not only lose the income from livestock as meat but also have to incur additional costs to maintain unproductive cattle. Already, he adds, there was research to suggest that returns to livestock farming are in any case "very low or even negative". NEW DELHI: Arvind Subramanian, the government's Chief Economic Adviser, has broken his silence on the issue of cattle slaughter. And...
More »Cabinet clears 5% interest subvention for crop loans
-The Hindu Scheme will continue for one year, be overseen by NABARD Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18. Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. The government has earmarked a sum of Rs. 20,339 crore for this. The interest subvention scheme will...
More »Why are farmers up in arms? Here's a quick primer to a deepening crisis
-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...
More »Loan waiver necessary, but alternative farm practices the need of the hour: Desarda -Veydaant Khanna
-The Hindu Economist suggests implementation of a radical form of and distribution and ‘low external input sustainable Agriculture’ system Mumbai: Economist and former member of Maharashtra State Planning Board H.M. Desarda, on Tuesday termed the recently announced farm loan waiver by the State government as a necessary but not sufficient condition to deal with the problems related to Agriculture. Prof. Desarda linked today’s problems in Agriculture to ecology and traced their origins to...
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