-The Indian Express Apart from repeal of farm laws, farmers are demanding guaranteed minimum support prices, which have no legal backing. A look at what the implications would be if the govt did provide the guarantee Farmer unions protesting on Delhi’s borders are raising two fundamental demands. The first is for repealing the three agricultural reform laws enacted by the Centre. The second is to provide legal guarantee for the minimum support...
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Bad loans may hit 22-year high by Sept, RBI stress tests show -Shayan Ghosh and Gopika Gopakumar
-Livemint.com The gross bad loan ratio of banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of banks which...
More »India implemented several measures to facilitate trade during 2015-20: WTO
-PTI/ The Hindu The points were part of the report of India’s seventh Trade Policy Review (TPR), which began on January 6 at the World Trade Organization India has implemented several measures to facilitate trade, such as simplification of procedures and customs clearances for imports and exports, according to WTO. Geneva-based World Trade Organisation (WTO) said that the other trade-facilitation initiatives introduced by India since 2015 include introduction of Indian Customs Electronic Gateway...
More »Shock treatment will not work in agriculture -Sarthi Acharya and Santosh Mehrotra
-The Hindu Post-1991, changes in industry caused a second de-industrialisation; the results in agriculture are likely to be no different Almost all sections of people including farmers agree that the Agricultural Produce Market Committee (APMC)-mandi policies for agricultural marketing, initiated in the 1960s for a few crops, have outlived their utility and the system needs a new policy in the face of the agricultural sector’s growth slowdown, the crop-composition not widening, and...
More »How Promising Is the Food Processing industry for Indian Agriculture? -Seema Bathla and Siraj Hussain
-TheWire.in Due to cultural reasons, India has a relatively small market for processed foods, and a number of factors afflict the food processing industry. In the light of recent farmer protests, there have been apprehensions that corporates will develop a monopoly over agricultural markets, purchase large quantities of cereals at cheaper prices and sell processed products made from them at very high prices. These apprehensions do not seem very plausible in the near...
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