-The Times of India NEW DELHI: Retail inflation cooled to five-year low in January on the back of sliding vegetable and food prices but the lurking price pressure may prompt the Reserve Bank of India (RBI) to maintain a wait-and-watch policy on interest rate for now. Data released by the Central Statistics Office (CSO) on Monday showed inflation, as measured by the consumer price index (CPI), rose 3.2% in January, slower than...

-The Hindu Business Line Bringing digital banking to Primary Agricultural Cooperative Societies is an important and laudable aspect of the Budget The Budget hides months of discussion, with stakeholders nursing a gamut of interests. This year was no exception and the Budget was an exercise in the accommodation of innumerable expectations; and it is bound to dissatisfy many. I would like to apply the old economic litmus test to judge its efficacy: Is...

-Business Standard The organisations demanded higher budgetary allocation for irrigation Some farmers’ organisations have demanded the Centre announce an income guarantee law for them to ensure a minimum income when crops fail and also when prices crash due to a bumper harvest. To be called the Remunerative and Universal Price Yield Assurance (RUPYA) Act, the legislation would guarantee a price deficiency payment in the event of a price crash, a market intervention scheme...

-IANS New Delhi: India’s cash-driven agri sector continues to reel under the effects of demonetisation, with farmers growing fruits and vegetables suffering “huge losses”, say farm leaders who want the Union budget to “compensate” them for these losses. Amid reports of farmers dumping or refusing to harvest crops like tomatoes and peas due to a crash in prices as traders did not have the cash to purchase the produce, farmer leader Ajay...

-Livemint.com Crash in farm prices could accentuate bankruptcy, which was the biggest reason for farmer suicides in 2014 and 2015 After two successive years of drought, 2016 was turning out to be a relatively better year for farmers till 8 November. The decision to scrap high-value currency notes, announced on that day, seems to have hit the farm sector the hardest. While credible and timely data on farm incomes and output is hard...