-IANS New Delhi: India’s cash-driven agri sector continues to reel under the effects of demonetisation, with farmers growing fruits and vegetables suffering “huge losses”, say farm leaders who want the Union Budget to “compensate” them for these losses. Amid reports of farmers dumping or refusing to harvest crops like tomatoes and peas due to a crash in prices as traders did not have the cash to purchase the produce, farmer leader Ajay...
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Demonetisation, farmer suicides, and the Union Budget -Roshan Kishore
-Livemint.com Crash in farm prices could accentuate bankruptcy, which was the biggest reason for farmer suicides in 2014 and 2015 After two successive years of drought, 2016 was turning out to be a relatively better year for farmers till 8 November. The decision to scrap high-value currency notes, announced on that day, seems to have hit the farm sector the hardest. While credible and timely data on farm incomes and output is hard...
More »Truth about PM's 'Housing for All' scheme: it is far off target
-Down to Earth Eighteen months and Rs 4,275.31 crores later, not even 0.1 per cent of the project could be completed "By the time the nation completes 75 years of its Independence (2022), every family will have a pucca house with water connection, toilet facilities, 24x7 electricity supply and access." It was May 2014 and the Modi-led government had just come to power. A year later, during the presentation of Annual...
More »Official data exposes Centre's inflated claims on success of agriculture insurance scheme -Jitendra
-Down to Earth The number of non-loanee farmers opting for insurance reached 9.7 million in kharif season of 2016 as against 9.8 million in the same period in 2015 On December 7, the Union Ministry of Agriculture press release claimed that that the Pradhan Mantri Fasal Bima Yojana (PMFBY) has made impressive progress in 2016. According to the press release, “There has been a quantum jump of more than six times...
More »A mining fund in Goa could soon give all its residents an equal, regular income -Rahul Basu
-Scroll.in Inspired by a similar project in Alaska, the state may be the first in India to implement the concept of basic income. Tourist brochures frequently describe Goa as some kind of utopia and the Economic Survey – expected at the end of January, a day before the next Union Budget – could go some way in bridging the gap between imagination and reality. The document will discuss the feasibility of implementing...
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