-The Hindu Business Line Proposes single trading licence, single-point levy of market fee New Delhi: The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions. It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as...
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Waiving loans doesn't end the distress -Rajalakshmi Nirmal
-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP Farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of Farmers. Neither do they help kick-start the rural...
More »Crop loan recovery rates see sharp decline in Maharashtra -Abhiram Ghadyalpatil
-Livemint.com Farmers are already refusing to repay loans in Maharashtra, expecting a waiver in the works on the lines of that in Uttar Pradesh Mumbai: Would you bother to repay a loan if it was going to be written off anyway? Probably not. There’s no farm loan waiver in Maharashtra yet, but Farmers are already refusing to repay loans as they expect a waiver in the works, officials in the state’s co-operative banking...
More »Bets on India's normal monsoon seen at risk on El Nino outlook -Pratik Parija
-Livemint.com While initial monsoon forecast bodes well for the season that accounts for over 70% of annual rainfall, IMD also predicts of 50% chance of weak El Nino formation from Sept New Delhi: India’s annual monsoon forecast sends social media into overdrive and is splashed across newspapers. This year’s outlook has some analysts warning that weather watchers may be disappointed. India is set for a normal June to September monsoon, with rainfall...
More »Cotton turns 'white gold' after highest productivity in Punjab -Parshant Krar
-The Economic Times Chandigarh: Cotton, often termed by Farmers as 'white gold' for bringing higher remuneration, is set to regain lost ground in Punjab where the area under the crop is expected to rise by more than 50 per cent after it fell to ever lowest 2.56 lakh hectares in the last year. The revival of the fibre crop is buttressed by highest productivity of 756 lint kg per hectare in...
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