-The Hindu Business Line Bankers call for a coordinated approach to deal with the stressed loans issue New Delhi: The RBI’s revised framework for stressed loans may prove to be disastrous and seems ill timed for an economy that is just recovering from twin policy blows of demonetisation and GST implementation. Though there are long-term benefits of administering such a bitter pill, the short-term risks are significant, say bankers. “This (revised NPA framework) is...
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To Harvest Enterprise -Lola Nayar
-Outlook A tax holiday is expected to push more farmers to turn entrepreneurial The Budget’s announcement of a five-year tax holiday for Farmer Producer Organisations (FPOs) with a turnover of up to Rs 100 crore came as a relief to the thousands of farmers who are members of around 4,000 such companies in the country. In December 2017, a sizeable number of farmers gathered at a national conference organised in Pune were...
More »Tomato prices in MP fall from Rs 30/kg in Oct to Rs 2/kg
-PTI Due to a bumper crop, wholesale prices of tomato in Madhya Pradesh have plummeted to as low as Rs 2 per kg, from Rs 30 in October, farmers said. Yogesh Septa, a farmer from Raipuria village in Petlawad area of Jhabua district, a major tomato-producing region, said, "We are getting on average Rs 2 per kilogram of tomatoes in wholesale markets. We won't recover even the production and harvesting cost at...
More »Over 1.1 mn farmers affected by drought in Chhattisgarh during kharif 2017 -R Krishna Das
-Business Standard The revenue tax collected in the affected villages had been suspended till further order Raipur: Scanty rains during the kharif 2017 had affected over 1.1 million farmers in Chhattisgarh. The opposition Congress members today informed in the Chhattisgarh Legislative Assembly that 1104767 farmers from 11297 villages have been affected by drought. In all, 1028657.812 hectares area had remained dry Due to short rainfall. The state government accepted the figure and...
More »'Direct benefit transfer' pilot project for food subsidies turns a burden in Jharkhand -Sanjoy Dey
-Hindustan Times Under DBT system, beneficiaries are required to collect food subsidy in cash from their bank and then buy food grain from local ration shops at market price Septuagenarian Deventi Devi visited her bank, 6km from her village, thrice this month to withdraw her food subsidy credited by the government in her account under the Centre’s direct benefit transfer (DBT) scheme. She returned empty-handed each time because the bank said the...
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