-Scroll.in A new report says that a crop-neutral direct payout scheme might be better than paying farmers the difference between market price and production cost. Raising minimum support prices to 1.5 times the cost of production could severely distort agricultural markets, suggests a new report from the Indian Council for Research on International Economic Relations. The report takes a look at government schemes to bolster the crop procurement process. The Centre offers...

-Down to Earth More than creating financial crunch for upcoming sowing season, cash crunch is impacting the prices at which farmers are selling their produce While the Union government is promising that cash crunch in the market would end soon, the farmers have already started feeling the pinch badly. The fears of demonetisation have come back for them. They are in soup because not only is this the harvest season, but also...

-The Indian Express Falling rates in March stumps industry in month synonymous with high prices. Pune: Since February, Deepak Pawale, who runs a poultry farm at Retavadi village in Khed taluka of Pune district, has been selling 45-day-old birds weighing 2-2.5 kg each at well below his estimated production cost of Rs 70 per kg. “The traders aren’t ready to pay higher rates, as they tell me that their sales have slowed down,”...

-Hindkisan.com Alarmingly, despite wages paid under MGNREGA being much lower than the standard minimum wage in most states, increasing number of people from rural households are applying for jobs under the employment scheme. This trend is an indicator of the mounting distress in the rural economy which is aggravated by paucity of jobs. Mocking the economic condition of the distressed rural working community, the Union Government has decided to uphold the low...

-The Economic Times KOLKATA: Charges for SMS alerts on banking transactions may not squeeze account holders much but can be a reasonable earning for many banks, especially in accounts with meagre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told banks to send SMS alerts for every transaction as means to fight frauds, the regulator also directed banks to...