-The Asian Age The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances. New Delhi: With several financial institutions in the country standing on the edge of distress, the Central government is likely to INCrease insurance cover for bank deposits. Currently, only Rs 1 lakh deposit of each customer is issured. The Finance Ministry is also mulling to...
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Goats, sheep drive India's livestock numbers -Jitendra
-Down to Earth The number of camels, pigs, donkeys, horses, mules, ponies and indigenous cattle breeds has drastically declined The number of Indian livestock has INCreased due to a rise in the population of sheep and goats, even as indigenous cattle and other farm animals have declined, according to the 20th Livestock Census. The livestock census has been periodically conducted once in every five years sINCe 1919. But the 20th census was conducted...
More »Subhash Palekar, father of Zero Budget Natural Farming, interviewed by N Madhavan (The Hindu Business Line)
-The Hindu Business Line Speaking to BusinessLine at a farm on the outskirts of Aurangabad, Subhash Palekar, father of ZBNF, rebuts every criticism and allays every fear that have been raised The Modi government sees zero budget natural farming (ZBNF) as a solution to the farm crisis. The 2018-19 Economic Survey recommended it and so did the 2019 Union Budget. In fact, Prime Minister Narendra Modi surprised many by asking farmers not...
More »Why farmers don't like direct cash transfers -Harish Damodaran
-The Indian Express The main reason for rejecting the DCT (as opposed to DBT) option was the belief that paying market price for fertilisers upfront would result in additional financial burden. More than three-fourths of Indian farmers like the new system of fertiliser subsidy linked to sales made to them by retailers being registered on point-of-sale (PoS) machines. This so-called direct benefit transfer (DBT) system, wherein the subsidy to fertiliser companies...
More »Consumption in rural India hits a 7-year low -Suneera Tandon
-Livemint.com * Farm distress, stagnant INComes have eroded demand, shows Nielsen data * Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8% Rural household consumption slumped to a seven-year low in the September quarter, in a sign that the prolonged agrarian distress and near-stagnant rural INComes have eroded demand for consumer goods, market researcher Nielsen said. Consumption of packaged consumer...
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