August is usually the preferred month for family holidays in Europe, because of abundant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, however, several farm families in coastal Andhra Pradesh, the rice bowl of the country, are reported to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....
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Warehouse norms may lessen food inflation by Anirudh Laskar & PR Sanjai
The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...
More »Court issues notice to Gujarat government by Manas Dasgupta
Seeks explanation on why Lokayukta has not been appointed in the State The Gujarat High Court on Thursday issued a notice to the Narendra Modi government asking it to explain why no Lokayukta had been appointed in the State so far. A Division Bench comprising justices Akil Kureshi and Sonia Gokani, issued the notice to the Chief Secretary, asking him to file an affidavit detailing the latest status. The court notice comes a...
More »MFIs: Still in the doldrums by Shruti Sarma
MFIs in Andhra Pradesh are paying for the sins of their past. Market for new loans has dried up, banks have turned off their spigots while the AP government is content to sit back and watch. It has been eleven months since the Andhra Pradesh government issued an ordinance—later converted into the Andhra Pradesh Micro-Finance Institutions (Regulation of Money Lending) Act—which, the microfinance industry hoped, would be the magic remedy that...
More »Govt to have agri survey before tabling Food Bill by Seema Sindhu
To give the much-needed impetus to the farm sector, the Government will have its first agriculture survey this financial year in February on the lines of the economic survey. Sources said that the Agriculture Ministry’s apprehensions on the production growth to meet the National Food Security Bill’s demand have concerned the Government. Consequently, three months ago Prime Minister Manmohan Singh asked the Agriculture Ministry to carry a separate survey to give...
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