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Why are farmers up in arms? Here's a quick primer to a deepening crisis

-The Economic Times NEW DELHI: Farmers protesting in Madhya Pradesh and Maharashtra demand better prices for their produce and loan waivers. But low prices and loans are not the real problems. These are mere symptoms of structural problems which cannot be solved by temporary measures such as a loan waiver. "While such turmoil appears to have immediate causes, their sources are rooted in problems that lie deeper," says Prakash Bakshi, a former...

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Is Cattle Slaughter Ban Smart Economics? Chief Economic Advisor Arvind Subramanian Speaks Up -Aloke Tikku

-NDTV Chief Economic Adviser Arvind Subramanian says farmers would not only lose the income from livestock as meat but also have to incur additional costs to maintain unproductive cattle. Already, he adds, there was research to suggest that returns to livestock farming are in any case "very low or even negative". NEW DELHI:  Arvind Subramanian, the government's Chief Economic Adviser, has broken his silence on the issue of cattle slaughter. And...

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Maharastra farm loan waiver: Panel for blanket waiver in suicide-hit Vidarbha, Marathwada -Nanda Kasabe

-The Financial Express Pune: Prominent farm activist and current chairman of the special task force constituted by the government of Maharashtra on agrarian crisis, Kishore Tiwari, has urged CM Devendra Fadnavis to cover all the farmers of the 14 distressed districts of Vidarbha and Marathwada in the blanket loan waiver announced on Sunday without any conditions. Welcoming the loan waiver announced by the government, Tiwari said farmers in the distressed districts...

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Why are farmers protesting despite bumper harvests? -Roshan Kishore

-Livemint.com Behind the rising tide of farmers’ protests lie several structural weaknesses facing the farm Economy In a year when farm growth has crossed the 4% mark and official statistics show a record increase in production, one would have expected farmers to celebrate. Instead, farmers in states such as Madhya Pradesh and Maharashtra are out on the streets protesting, and in some cases, facing bullets from the local police. What explains this...

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Note ban has and may continue to result in a slowdown, warns SBI

-PTI Also says that note ban's impact could adversely affect its business The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the Economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones. The long-term...

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