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Need new stimulus of Rs.10 lakh crore: Economists Collective

-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...

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Centre's Economic Package Addresses Long Term Issues, Not Immediate Concerns of Farmers -Mayank Aggarwal

-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...

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COVID-19 Lockdown: Impact on Agriculture and Rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais

-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...

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Centre hikes support prices of kharif crops -Sayantan Bera

-Livemint.com * But the marginal increase is unlikely to cheer farmers hit by falling prices * The increase in MSP ensures that farmers will receive a price between 50% to 83% over their production costs, agriculture minister Narendra Singh Tomar says NEW DELHI: The central government on Monday announced minimum support prices (MSPs) of 14 kharif crops, planting for which will begin shortly with the progress of the annual monsoon. MSPs of major rain-fed...

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Climate Change Brings the Worst Locust Attack in Decades to India -Kabir Agarwal and Shruti Jain

-TheWire.in The attack is a highly irregular one, say experts. Farmers on the field feel that the measures taken were too little and too late. New Delhi/ Jaipur: Large swarms of desert locusts have entered areas in India where they had not been seen since 1993 and have already caused damage to crops in Rajasthan, Gujarat, Madhya Pradesh, parts of Uttar Pradesh and Maharashtra. The migratory pest has made several incursions into Rajasthan...

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