-Livemint.com Here are some FAQs about the Goods and Services Tax (GST) slated for rollout on 1 July What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services precisely on the amount of value addition achieved. It seeks to eliminate inefficiencies in the tax system that result in ‘tax on tax’, known as cascading of taxes. GST is a destination-based...
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Kharif planting: Farmers reduce area under pulses -Sayantan Bera
-Livemint.com Farmers across the country choose cotton and sugarcane over rain-fed pulses like arhar and moong which saw a collapse in their wholesale prices in 2016-17, shows data New Delhi: Following a collapse in wholesale prices of rain-fed pulses like arhar and moong over the past six months, farmers across India have reduced planting of these varieties, data on Kharif sowing released by the agriculture ministry on Friday shows. Simultaneously, farmers have...
More »Demonetisation apart, cheaper Imports too hit the farm sector -Tejinder Narang
-The Financial Express The current agitation of farmers on cereal, oilseeds and vegetables has attracted a lot of analysis with regards to the causes. Many such analyses have converged on low hikes in MSP in the last three-four years as the major cause, and the general public also believes so. Stocking limits, poor warehousing facilities, export bans, lack of a properly developed food processing industry and free trade in commodity exchanges...
More »Waiving farm loans is not only bad for the economy but also detrimental to interests of the farmer -Ram Singh
-The Economic Times blog Farmers, from Punjab in the north to Tamil Nadu in the south, have started agitations demanding farm loans be waived. The Uttar Pradesh and Maharashtra governments have already considered it politically expedient to write them off. Some other states may follow the suit. However, such decisions are as misguided as they are misleading. Nonetheless, it will be a mistake to treat the agitations as a domino effect of...
More »Farmers shifting out of pulses, oilseeds due to low realisation -Dilip Kumar Jha
-Business Standard Acreage of these crops is likely to fall as prices drop below MSP in mandis Mumbai: Farmers are shifting from oilseeds and pulses to more remunerative crops like cotton and maize this kharif season. The area under oilseeds and pulses is likely to decline with prices ruling below minimum support prices in many mandis. Farmers are agitating because their produce is not being lifted by government agencies and traders are also...
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