-The Indian Express Third tranche of COVID-19 economic package: Not only can farmers sell to anyone and anywhere, but traders and processors, too, will be able to freely buy, stock and move any quantity of agri-produce within the country. Barely seven months after imposing limits on the maximum quantity of onion any wholesaler or retailer could keep, the Narendra Modi government on Friday announced what may turn out to be a defining...
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Why do farmers resort to dumping produce? -A Narayanamoorthy and P Alli
-The Hindu Business Line With bumper harvests, farmers are forced to sell the stocks to middlemen for a pittance or let them go to waste. Better integration of markets, development and maintenance of storage facilities could help avoid this problem Farmers are the worst hit due to the coronavirus lockdown, unable to harvest crops and sell the harvested produce in the market. The dairy farmers of Assam and Karnataka; and vegetable, fruit...
More »India lockdown: There’s enough food, but India is struggling to get it to people
-The Indian Express As far as the availability of food is concerned, the country has more than adequate stock. Also, thanks to a surplus monsoon, a bumper rabi crop is on its way. With markets shut, farm labourers absent from fields, and transportation services at a halt, is India likely to face a food crisis because of the coronavirus-induced lockdown? Possible, if steps are not taken in some key areas. As far as the...
More »In a first, Punjab mandis to store wheat produce post-procurement -Gurpreet Singh Nibber
-Hindustan Times The department officials said the idea of storing wheat on the premises of rice mills could not materialise because they already have an excess paddy stock. Chandigarhh: In the wake of a stalemate with the Food Corporation of India (FCI) over finalisation of storage rates for covered area plinths (storage in open), the Punjab food and civil supplies department has decided to store wheat produce in the state’s grain markets...
More »Listing LIC could make its investments riskier -Aunindyo Chakravarty
-The Tribune LIC is India’s biggest stock-market investor. Once listed, it might be tempted to increase its exposure to equities. We know what that did to India’s most popular mutual fund in the late 1990s. UTI’s US-64 collapsed because it had made too many risky investments. Most of 20 crore small investors never recovered investments A few years ago, I was part of a jury to select the best businesses in India...
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