-The Financial Express The minimum that the govt can do is to remove all restrictions on a free market for pulses Last year, roughly at this time, the price of tur dal (pigeon pea) in the Retail market was hovering around R180/kg. Prices of other pulses were not far behind. They were all spiraling up due to back-to-back droughts during 2014-15 and 2015-16. Production of all pulses had plunged to 16.5 million...
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Agriculture: Here's why farmers are in trouble despite high pulse procurement
-The Financial Express Given the likely 22 million tonne production of pulses this year, up more than a third compared to last year, it is not surprising prices have crashed. In the case of tur, for instance, Retail prices are down from R118 per kg in Delhi on October 1, 2016 to R89 on March 1. As a result of the surge in pulses inflation last year, rabi sowing increased by...
More »What you can do with Re 1 in India -Basant Kumar Mohanty
-The Telegraph New Delhi: The Centre has raised wages under the rural job guarantee scheme - by the princely sum of one rupee a day in many states. The increase is the lowest in the 11-year history of the Mahatma Gandhi National Rural Employment Guarantee Act, and leaves its wage rates in 11 states stuck far below their minimum wages, set by the state governments. The eastern states are the worst hit. As...
More »Database limited, more complete information by next year: Chief Statistician TCA Anant -Aanchal Magazine & Anil Sasi
-The Indian Express On the credibility of quarterly data releases, Anant underlined “it is a careful statistical exercise” and that in many areas, “more complete information would be available in many ways by next year”. Facing criticism that GDP growth estimates by his office of 7 per cent for the third quarter ending December 2016 sharply overshot most projections — even those in the Economic Survey and by the RBI — India’s...
More »Budget and agri-commodity trading: Searching for a spot in the future -Pravesh Sharma & Raghav Raghunathan
-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...
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