-The Hindu Business Line Women farmers face the brunt; GST adds to their woes New Delhi: The Agriculture Ministry has written to the Finance Ministry seeking income-tax exemption for farmer produce organisations (FPOs), particularly for those that are registered as farmer producer companies (FPO) under the Companies Act. “These FPOs were brought in to negotiate the problems that are faced by cooperative societies. So they are naturally eligible for all the benefits that...
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99% of scrapped notes back with banks, says RBI report
-The Times of India MUMBAI: The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks. The disclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned. In its annual report, the...
More »What is the cost of doubling farmers' income by 2022? -Richard Mahapatra
-Down to Earth The farmers have to make an investment of Rs 463 billion in the next five years A “New India” is the latest national agenda. Prime Minister Narendra Modi, in his fourth Independence Day speech, made an appeal with his trademark gesture of both hands pointing towards the gathering: “A new India that would fulfil the dreams of the young and women, and see the income of farmers double.” Doubling...
More »Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan
-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
More »Farms gone, but lack of jobs hurts villagers most -Shubhra Pant
-The Times of India GURUGRAM: They had given up their land in hope that the local economy would develop and create jobs that would sustain livelihoods not only for them but the next generation. Fourteen years on, no industrial project has come up on the nearly 1,600 acres of land, a massive sprawl across the villages of Gadoli Khurd, Harsaru, Khandsa, Mohammadpur and Narsinghpur, acquired by the government, farming does not happen...
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