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Rural distress looms: dip in crop prices, remittances; rising Covid cases -Aanchal Magazine, Sunny Verma and Anil Sasi

-The Indian Express While the over 3% agriculture growth in the first quarter factored in strong Rabi procurement, with high-price realisations getting reflected in the output numbers, fresh data from mandis indicate a slide in the prices of the intercrop produce — horticulture, milk and poultry etc. The rural sector may have held out the only sliver of hope amid the broader collapse in the first-quarter GDP numbers but there are fresh...

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Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)

-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...

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Chhattisgarh to reward farmers through new scheme -Varghese K George

-The Hindu Baghel says scheme will cover rice, maize and sugarcane farmers to begin with, and will expand to other crops later Farmers in Chhattisgarh would get up to ₹13,000 an acre a year under a new income support programme announced by the State government. The Rajiv Gandhi Kisan Nyaya Yojana would kick off on Thursday, 19th death anniversary of the former Prime Minister. In the first instalment, ₹1,500 crore would be...

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Tractor sales on upswing

-The Hindu Two-wheelers continue to slide as virus adds to woes In a sign of reviving Rural Demand, tractor players M&M and Escorts posted a double-digit growth in sales in February 2020. M&M’s farm equipment sector (FES) said its domestic sales in February 2020 stood at 21,877 units, up 21% from the year-ago month. Exports, though, dropped 22% to 683 units, taking total tractor sales during the month to 22,561 units. This is a...

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Falling short of aspirations -Ram Singh

-The Hindu The economic outlook rests on government meeting investment targets and keeping promises made to stakeholders There were many expectations from the Union Budget 2020: that it would reverse the falling growth rate, reduce unemployment and rekindle the animal spirits needed to revive private investment. Does the Budget really hold out the promise on these counts? To answer the question, the Budget can be judged in terms of its effect...

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