-The Times of India MUMBAI: It's known as the land of politically powerful sugar barons and has long been the leading producer of sugarcane in the country. But this year, Maharashtra has turned out the highest sugar output ever in its 55-year history. By May, it's expecting an output of a record 103 lakh tons—34% more than in 2014. But the glut is not good news. Sugar prices have crashed by Rs...
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Rebooting the rural jobs scheme -Himanshu
-Livemint.com At a time when rural economy is badly in need of stimulus, the least the govt can do is increase spending on MGNREGA It is now officially acknowledged that the rural economy is heading for a distress situation. As if the fall in crop prices was not sufficient, the situation of Farmers in India has been compounded by the vagaries of the monsoon with less than normal rainfall last year...
More »If you do not hear the Farmer -Ajay Jakhar
-The Indian Express During the election campaign, the BJP had promised a 50 per cent profit margin on minimum support prices to Farmers. But over the past year, the optimism of Farmers has turned to despair. Since the parliamentary elections, basmati paddy prices have fallen by 35 per cent and cotton by 25 per cent. The era of cooperative federalism notwithstanding, the Centre practically decreed that states not announce a crop...
More »Monsoon calling -Vinson Kurian
-The Hindu Business Line The recent devastation of crops shows that the Indian economy continues to be a ‘gamble’ on the rain. But can India Meteorological Department’s new model make it predictable? Moisture wrecks a Farmer's life. Since February this year, lakhs of Farmers across 14 states were left with damaged crops. Unseasonal rains destroyed crops on 11 million hectares spread over Rajasthan, Uttar Pradesh, Haryana, Madhya Pradesh, Maharashtra and Punjab....
More »Leaks in lending
-Business Standard Subsidised farm credit also goes to companies There has been a massive surge in institutional agricultural credit over the past decade. But the benefit of that has not reached as much to Farmers as it has to agri-businesses and companies branching out into agriculture-related activities. This is clear from an analytical study of agricultural credit by scholars at the Tata Institute of Social Sciences, based on a Reserve Bank of...
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