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One agricultural labourer died by suicide every two hours in 2021

-Down to Earth 29% increase in suicides by farm labourers from 2019  The National Crime Record Bureau has released an alarming statistic. An agricultural labourer died by suicide every two hours and a total 1,64,033 people died of suicide in India in 2021. The number amounts to 5,563 suicides by farm labourers, which is a 9 per cent increase from 2020 and a 29 per cent increase from 2019. The highest numbers were recorded...

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Ensure pastoralists covered under government schemes: Centre to states -Shagun

-Down to Earth So far livestock-related schemes were only catering to settled farmers, herders The Union government admitted that India’s pastoralist communities fell through the cracks when it comes to them benefitting from various schemes. It has urged states with sizeable population of such communities to work to prevent this. There is a significant population of pastoralists or cattle herders across India who move from one place to another to graze their animals....

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Public sector banks have ensured financial inclusion, finds a new empirical study

Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...

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Cereal inflation would be hard to tame amidst low rice acreage

Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...

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Maharashtra farmers threaten to stop onion supplies from Aug 16 demanding better prices

-The Hindu Business Line Growers’ body seeks ₹25, says they are unable to recover production costs Maharashtra farmers, led by the State Onion Growers’ Association, have threatened to stop bringing onion to the agricultural produce marketing committee (APMC) yards from August 16, if they don’t get an average price of ₹25 per kg for their produce. Maharashtra State Onion Growers’ Association President Bharat Dighole said in a statement on Monday: “For the past...

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