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Uneven Mandi tax adds to GST burden -Madhvi Sally

-The Economic Times Even as the dust kicked up by the Goods and Services tax is yet to settle, traders and companies have to face another conundrum­­ an uneven mandi tax. So wide is the discrepancy that a company procuring grain had to pay 6 per cent tax in Punjab, 4 per cent in Haryana and 0.2 per cent in Madhya Pradesh. Industry says this will create an imbalance in the interstate...

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Onion prices fall 35% after I-T raids on Nashik traders

-The Times of India NASHIK: The average wholesale onion price fell by 35% at the country's largest wholesale onion market at the Lasalgaon Agriculture Produce Market Committee (APMC) on Thursday after the income tax department carried out surveys and searches in the offices, godowns and homes of seven onion traders in Nashik district of Maharashtra. After the sudden crash in wholesale onion prices, Farmers stopped the auction at Lasalgaon and did...

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The Dynamics of 'Sahucars' and Farmers in Maharashtra's Villages -Parth MN

-TheWire.in Private moneylenders are a major source of loans across the region, and with the collapse of banking in rural areas, their role has only grown. Baliram Kadpe is critical of the Maharashtra government. “Farmers do not get the minimum support price [for their crops, from the state],” he says with concern. “And it is tedious for them to acquire crop loans.”  Kadpe believes if the state ensures that Farmers have access...

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When Farmers got Re.1 loan waiver

-The Hindu Over 17,260 persons in Uttar Pradesh get relief of just Rs. 1,000 or less Over 17,260 Farmers in Uttar Pradesh have received loan waiver certificates for only Rs. 1,000 or less under a scheme in which the BJP government had promised to waive farm loans of up to Rs. 1 lakh. Of the 17,262 Farmers, 4,814 got loan waivers of amounts between Rs. 1 and Rs. 100, while 6,895 received...

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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)

-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...

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