Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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For Farmers in Punjab, Minimum Support Price Doesn't Guarantee a Better Income -Vivek Gupta
-TheWire.in With or without the government-mandated minimum support prices, private players in Punjab have been calling the shots, and the new farm laws only legitimise the rampant practice. Chandigarh: Farmers from Punjab, who are up in arms against the Centre’s new farm laws, have more than one reason to remain firm on their demand for the rollback of the contentious laws. For crops where there is no assured government purchase even after the...
More »A new market intelligence and price information for farm produce on anvil -TV Jayan
-The Hindu Business Line Farmers who would be selling their produce at farmgate under the recently-enacted Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Act 2020 will have real-time access to prevailing commodity prices through a market intelligence and price information system, which will be up and running soon, according to top Agriculture Ministry sources. One of the major contentions of a section of farmers protesting against the new farm legislations was...
More »Fixing the rules of the economy -Arun Maira
-The Hindu The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up...
More »Why Rajasthan Farm Act amendments may lack the teeth to help farmers -Sukhpal Singh
-Business Standard Rajasthan has amended The Farmers' Produce Trade and Commerce (promotion and facilitation) Act, 2020 to restore what it calls 'the safeguards for the farmers of the state' as under state's APMC Act The Congress-ruled states’ plan to nullify the three central laws on agricultural markets and provide for alternatives of their own for protection of famer interest, especially on prices for their produce has been executed with three states of...
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