-The Indian Express The main reason for rejecting the DCT (as opposed to DBT) option was the belief that paying market price for fertilisers upfront would result in additional financial burden. More than three-fourths of Indian farmers like the new system of fertiliser subsidy linked to sales made to them by Retailers being registered on point-of-sale (PoS) machines. This so-called direct benefit transfer (DBT) system, wherein the subsidy to fertiliser companies...
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Consumption in rural India hits a 7-year low -Suneera Tandon
-Livemint.com * Farm distress, stagnant incomes have eroded demand, shows Nielsen data * Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8% Rural household consumption slumped to a seven-year low in the September quarter, in a sign that the prolonged agrarian distress and near-stagnant rural incomes have eroded demand for consumer goods, market researcher Nielsen said. Consumption of packaged consumer...
More »Time to TOP up -Ashok Gulati & Harsh Wardhan
-The Indian Express Tomatoes-onions-potatoes face extreme price volatility. Addressing it requires sustainable solutions, not temporary ad hoc measures. Last month, on September 13, when onion Retail prices crossed Rs 40/kg in Delhi, the government was hyperactive and imposed a minimum export price (MEP) of $850/tonne. Later on, as prices went further up to Rs 50-60/kg, stocking limits were imposed on traders and exports of onions were banned. It created problems in...
More »Farmers' Movements call for protests across the country on October 24, 2019 against RCEP Free Trade Agreement
-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 6 October, 2019 Farmers’ movements are inviting all citizens, social organisations and people’s movements of India to hold protests all over the country on the 24th of October 2019, against the Regional Comprehensive Economic Partnership (RCEP) Free Trade Agreement. The Indian government is negotiating RCEP with 15 other countries including ASEAN countries along with large industrial economies like China, Japan, South...
More »Growth lessons India can take from new frontrunner Bangladesh -Jayanta Roy Chowdhury
-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
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