-PTI The government has procured 238.8 lakh tonnes of rice in the current 2018-19 marketing season so far, with purchase in Punjab and Haryana almost over, according to official data. The rice procurement target for the current season (October-September) has Been fixed at 375 lakh tonnes. In the previous year, total rice procurement stood at 381.8 lakh tonnes. Procurement is undertaken by state-run Food Corporation of India (FCI) and State agencies for the...
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Banks lost Rs 41,167 crore to fraud in 2017-18: RBI -George Mathew
-The Indian Express There were 5,917 instances of bank fraud in 2017-18 as against 5,076 cases the previous year, show the data released Friday. Fraudsters have looted Rs 41,167.7 crore from the banking system in 2017-18, a sharp jump of 72 per cent from Rs 23,933 crore the previous year, despite “stringent monitoring and vigilance”, according to data released by the Reserve Bank of India (RBI). There were 5,917 instances of bank...
More »Deflation in WPI of 8 kharif crops observed during 2016-17 to 2018-19, while their MSPs grew at a positive rate
It is being said by economists that unlike the issue of low food production that gripped Indian agriculture for long in the past, the present problem is about farmers not getting remunerative prices against the crops that they are growing. According to farmer leaders, the policymakers are too late to realise that bitter truth. As a result, there is a growing disenchantment in the rural hinterland against the ruling government...
More »Lifelines beyond farm loan waivers -Kirankumar Vissa
-The Hindu In addition to reforming the credit system, agriculture should be made profitable Rural agrarian distress is firmly at the centre of the national discourse today, triggered by the recent Assembly election results in the Hindi heartland as well as continuous farmer agitations in the past two years (picture). Just a month ago, the farmers’ march in Delhi highlighted the reality of their deprivation, anger and resolve. Quite remarkably, their presence...
More »A spike in inter-state migration in India could be driving a new wave of nativist politics -Shoaib Daniyal
-Scroll.in For the first time, a Hindi state – Madhya Pradesh – has complained about migrants taking away jobs. Hours after taking oath as the new chief minister of Madhya Pradesh on December 18, Kamal Nath declared that outsiders were grabbing jobs meant for locals. “People from states like Bihar and Uttar Pradesh come here and local people don’t get jobs,” he said. His government went on to issue an executive order...
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