-The Times of India In the finely balanced but lucrative economy of vegetable and fruit trade, demonetisation has had a bizarre effect. In distant rural areas, local vegetable prices — both wholesale and retail — have crashed as the oxygen of currency has been suddenly sucked out. Since the whole economy depended on cash, from transport to mandis to purchase prices, this is unsurprising. But in cities, where there is more liquidity,...
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Demonetisation Alone Can't Turn Agricultural Markets Cashless -Nidhi Aggrawal and Sudha Narayanan
-TheWire.in A large chunk of India’s farmers continue to depend on commission agents and not formal institutions for credit, thereby relying on cash. It is now official. Demonetisation has led to an implosion of agricultural trade in the country. In the week following demonetisation, soyabean arrivals in select major states had collapsed by 87% relative to average arrivals over the week preceding demonetisation. The figures were 55% for paddy, 61% for guar,...
More »When cash vanishes: A double-whammy -Parthasarathi Biswas
-The Indian Express Farmers are facing the heat from both collapse of demand and inability to purchase inputs post-demonetisation. Junnar (Maharashtra): The last one week and more has brought nothing but bad news for Vasant Pimpale. This farmer from Pargaon Tarfe Ale, a village in Pune district’s Junnar taluka, has already lost 11 tonnes of green chilli grown on eight out of his 15-acres holding. The loss hasn’t been courtesy drought, flood...
More »PMO props up states on GM crops -Richa Sharma
-The New Indian Express NEW DELHI: Faced with stiff opposition from the states, civil society groups and even the RSS on GM food crops, the Central government is reaching out to the state governments to bring them on board for field trials. Acting on the directives of the PMO, the environment ministry on October 21 organised a meeting which was attended by representatives from different states. More such meetings are expected to...
More »Government warned of national stir if GM mustard approved -Mayank Aggarwal
-Livemint.com Nearly 150 organizations protested in Delhi, warning against govt’s approval of commercialization of the genetically modified mustard New Delhi: Nearly 150 organizations from across India protested on Tuesday at Jantar Mantar in Delhi, warning the central government of a stir against it if it approves commercialization of genetically modified (GM) mustard. GM mustard has been developed by Delhi University’s Centre for Genetic Manipulation of Crop Plants. On 5 September, the genetic engineering...
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