-The Economic Times The world is no stranger to farm debt crises like the one India is seeing today. Back in the 1980s, the Canadian parliament enacted a law to stop foreclosures on farm debt, after prices collapsed and interest rates jumped to as high as 24%. The law was in force for a dozen-odd years. It identified insolvent farmers, facilitated agreements between the borrowers and lenders, and helped some farmers move...
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Agrarian, liquidity crisis weigh on India consumption story -Harsha Jethmalani and Pallavi Pengonda
-Livemint.com As we enter the new year, investors will do well to factor in a moderation in consumption demand due to the liquidity crisis and farm distress Analysts are getting increasingly wary about the outlook for consumption demand, even though investors are brushing aside these risks for now. In its 2019 India outlook, Credit Suisse said it would prefer investment-related stocks over consumption-focused ones in the coming year. The brokerage expects sharp...
More »MSP sustains the illusion that farmers rule in this country -Yogendra Yadav
-Livemint.com A partial hike in the MSP on paper was packaged by the govt as three fresh and historic steps for farmers’ welfare Minimum support price (MSP) is a fiction. It is a feel-good fiction. The farmers are free to sell their crop for as much as they wish, but should the prices fall below a minimum level, the government is there to help them. MSP is a sovereign guarantee that the state...
More »More than 60% markets sell agricultural produce below MSP -Jitendra
-Down to Earth The price of cereal, paddy and oilseed has crashed in more than 1,700 markets, according to government data On a vast farmland in Kalajhar mandi of Sangrur district, Punjab, farmers are waiting to negotiate with traders who have rejected their paddy crop infected due to humidity. Chand Singh, 70, a farmer who owns 4 hectares of farmland in Kalajhar village, says traders rejected 20 tonnes of paddy that he cultivated...
More »Modi has betrayed farmers on MSP for rabi crops: AIKS
-The Hindu Business Line New Delhi: The Narendra Modi government has betrayed farmers on its promise of providing remunerative minimum support prices (MSP) by announcing floor prices for rabi crops for 2018-19 far below the promised C2+50 per cent, All India Kisan Sabha (AIKS) said on Thursday. “What is notable is that this comes just after the much-hyped claims after farmers’ protests on Tuesday that the BJP will address all concerns of...
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