-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
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Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal
-The Hindu Business Line Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has...
More »Milk prices could increase by Rs 8-10 in summer due to fall in production, fodder shortage -Samyak Pandey
-ThePrint.in Stakeholders ask Modi govt to import milk & milk products to create buffer stock. This would make India a net importer for the first time since 2011-12. New Delhi: A shortage of fodder and a resultant decline in milk production and procurement has meant that prices of the essential item could increase by Rs 8-10 in the summer. Citing this dairy shortage, multiple milk federations and the Indian Ice-Cream Manufacturers’ Association (IICMA)...
More »After fertilisers, Centre wants food subsidy to directly benefit farmers -Harikishan Sharma & Anju Agnihotri Chaba
-The Indian Express In Odisha, procurement of paddy during the ongoing 2019-20 Kharif Marketing Season (KMS) is, for the first time, being done from registered farmers only after Aadhaar-based biometric authentication. FIRST IT was fertilisers, where the NDA government made disbursal of subsidy conditional upon actual sales to farmers getting registered on PoS (Point of Sale) machines in retail outlets. That reform measure — to ensure that the benefit of minimum support...
More »Farm support: Minimum support price not on paper -Parthasarathi Biswas
-The Indian Express Cotton growers are realising decent rates despite bumper crop this time, thanks to government procurement. Aurangabad: In early-November, when Satyakumar Kolhe went to sell 18 out of his total 35 quintals produce of kapas (raw un-ginned cotton) at the Ambad wholesale market in Jalna district, the traders there quoted an average price of Rs 4,500 per quintal. The 45-year-old from Guru Pimpari village of Jalna’s Ghansawangi taluka, who grew...
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