-TheWire.in Announced in the 2018-19 budget, the scheme was meant to provide small and marginal farmers with 22,000 mini APMCs and thus fair prices. But RTI queries show that not a single haat has been developed into an agricultural market. New Delhi: The Centre’s scheme to convert rural haats (village markets) into agricultural markets, which was meant to help small and marginal farmers who cannot access the Agricultural Produce Market Committees (APMC)...
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Firms show increase in profits even as sales fall -Vineet Sachdev
-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
More »MSP Procurement: Real freedom for farmers -Devinder Sharma
-The Indian Express Amidst continuing protests by Punjab and Haryana farmers against the Centre’s new farm laws, about 3-4 lakh tonnes of paddy arrives every day in Punjab mandis from Bihar and Uttar Pradesh. As the paddy marketing season comes to an end, it is estimated that more than three million tonnes of paddy has already reached Punjab mandis in the kharif marketing season this year. This is because in the...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »For Farmers in Punjab, Minimum Support Price Doesn't Guarantee a Better Income -Vivek Gupta
-TheWire.in With or without the government-mandated minimum support prices, private players in Punjab have been calling the shots, and the new farm laws only legitimise the rampant practice. Chandigarh: Farmers from Punjab, who are up in arms against the Centre’s new farm laws, have more than one reason to remain firm on their demand for the rollback of the contentious laws. For crops where there is no assured government purchase even after the...
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