-Livemint.com Tractor sales have gone up in a year which has seen farmer protests in several states for remunerative crop prices and Farm Loan Waivers, amid lingering effects of demonetisation and GST implementation New Delhi: Domestic tractor sales rose to a record in the first half of the fiscal year, but economists are hesitating to interpret it as a sign that the farm economy has finally turned the corner. Tractor manufacturers sold 363,071...
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Loan waiver is not the solution -Anjani Kumar and Seema Bathla
-The Hindu We need to revisit the credit policy with a focus on the outreach of banks and financial inclusion Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the...
More »Gujarat farmers unlikely to benefit from sops doled out by State govt -Rajalakshmi Nirmal
-The Hindu Business Line Costs, prices, credit issues are a challenge, just as in other States Ahead of the Assembly elections, the Gujarat government has announced a slew of measures to woo rural voters. This includes waiver of GST on equipment used in micro-irrigation, 0 interest on loans up to ?3 lakh for farmers, and a bonus of ?500 per quintal on cotton. But these sops are not likely to make farmers in...
More »100 Maharashtra farmers found linked to single Aadhaar number
-DNA It was found during online registration for loan waiver implementation. The Maharashtra government's attempt of online registration for loan waiver implementation has sent the authorities into a tizzy as names over 100 farmers have been found linked to a single Aadhaar number. The state government had earlier stressed on online registration by farmers with their Aadhaar, which is a unique identification. The government has said that the Aadhaar-based linking will avoid...
More »Gujarat model: The gleam of state's high growth numbers hides dark reality of poverty, inequality -Maitreesh Ghatak
-Scroll.in An analysis of data shows that the Gujarat model is a bubble waiting to burst. The Gujarat economy continues to be an enigma. In 2014, many considered the state’s economic performance nothing short of miraculous and credited it to the magic touch of Narendra Modi, then the four-term chief minister of the state. This even led to the coinage of a new term: Modinomics. Three years later, as Gujarat heads...
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