-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...
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Farmers protest: Barricades along Tikri border being removed -Sohini Goswami
-Hindustan Times According to the Delhi Police, while the blockades were being removed, there was still no confirmation on when exactly the movement of vehicles may resume. The process of removing blockades put up along the Tikri border on the Delhi side was reportedly underway to resume vehicular movement. The border has remained blocked for almost a year now since farmers launched their protest in the area against three centrally passed agri...
More »Stop chasing profits at customers' expense, RBI Deputy Governor tells MFIs
-The Hindu The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from chasing profits and introspect on the ‘negative consequences’ of pushing their borrowers into a debt trap, using harsh recovery practices and harassing customers as this could undo the sector’s progress, a top central banker...
More »Centre vs Punjab: Farmers miss out on incentive to not burn stubble -Vivek Mishra
-Down to Earth Thrice GoI has returned Punjab’s proposal of giving Rs 2,500 per acre to small, marginal farmers even as they demand Rs 6,000 per acre As many as 361,850 small and marginal farmers in Punjab did not receive state incentives for stubble management in the last one year due to paucity of funds. The northern state’s request for financial stimulus to pay this incentive was turned down by the...
More »Delhi HC issues summons to Baba Ramdev on lawsuit filed by doctors’ association for alleged misinformation
-Hindustan Times “From the perusal of the clips, there is definitely a case for the institution of the suit. They (plaintiffs) may have nothing for an injunction but the case is not frivolous,” Justice C Hari Shankar said. The Delhi high court on Wednesday issued summons to Yoga guru Ramdev in connection with a lawsuit filed by many doctors' associations for his alleged spreading of misinformation against allopathy during the times of...
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