-Press Information Bureau/ Ministry of Agriculture The Central Government has asked State Level Bankers' Committees to facilitate timely restructuring of crop loans. With restructuring, the loan repayment period would be extended. The Home Ministry has also written to states to keep 10% of SDRF fund reserved for "local disasters" such as heavy rain which are to be declared at par with national disasters and use this money for distressed farmers. This...
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In true colours -Sudhir Kumar Panwar
-Frontline The BJP-led NDA government has, in the two Budgets it has presented so far, revealed itself to be very different from the pro-farmer image that its leading election campaigner and now Prime Minister, Narendra Modi, projected. THE Bharatiya Janata Party's manifesto for the 2014 Lok Sabha election states: "Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agriculture growth, increases in...
More »Inflation down, but pinch is back as two indices tell different tales -Zia Haq
-Hindustan Times Sharmilla Dar, a government schoolteacher in east Delhi, is irritated about a sudden surge in vegetable prices in the last week after they had cooled considerably since a year ago. "Why can't the government keep things affordable?" she asks. For middle-class consumers, food inflation worries are creeping back in. The farm sector is hurting badly after a full year of unprecedented weather havocs - from a partial drought last summer...
More »'Monsoon likely to be normal'
-Business Standard Assocham-Skymet report, however, says untimely rain likely to reappear in north India in 5-6 weeks India's southwest monsoon, which accounts for almost 80 per cent of the country's total precipitation, is expected to be normal this year, predicts a joint study by the Associated Chambers of Commerce and Industry and private weather forecaster Skymet. However, there would be pockets where the showers are expected to be deficient. These include Himachal Pradesh,...
More »Untimely rain plays havoc with vegetable, pulse prices -Tomojit Basu
-The Hindu Business Line New Delhi: Prices of vegetables and pulses are set to shoot up after unseasonal rain damaged over 50 lakh hectares of standing crops across the country, putting enormous strain on household budgets. Consumers will have to pay more for potatoes, carrots, cabbages, mustard and almost all the pulses over the next few weeks. Rain in northern, central and western parts has caused widespread damage to crops in Punjab,...
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