India’s trade unions call nationwide strike on 26 November to support farmers’ agitation

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Ten central trade unions have said they are going ahead with their planned nationwide general strike on November 26 and also announced their support to a two-day farmers’ agitation next week. The meeting of the Joint Platform of Central Trade Unions (CTUs) and sectoral independent Federations and Associations was held virtually on November 16, 2020. […]

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Corporate entities purchase directly from farmers at rates marginally higher than local mandi prices

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Traders and corporate houses are purchasing from farmers at rates marginally higher than the local mandi prices in the case of many crops such as paddy, bajra and soyabean. To say the very least, a part of the savings on mandi fees/taxes and arathiya commission are being passed on to farmers by them. Corporate buyers […]

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India announces 12-point boost for economy to add to festival cheer

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Indian Finance Minister Nirmala Sitharaman on Thursday announced financial outlays for 12 sectors, including a fertiliser subsidy as well as those for housing and infrastructure that will likely drive demand for key commodities. She said the announcement was the third instalment of Atma Nirbhar Bharat (Self Reliant India) programme that was meant to establish the country […]

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Weekly Wrap – Recovery on the horizon, but a long haul to heaven

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The International Monetary Fund (IMF) revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it “the worst outcome for this region in living memory.” The latest forecast is a downgrade compared with the projection of a 1.6-percent contraction in June. India’s economy experienced a much sharper than expected […]

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Asian Development Bank signs a $ 346 million loan pact for power supply project in rural Maharashtra

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Manila-based Asian Development Bank (ADB) and the Government of India signed a $ 346 million loan pact to help provide efficient and reliable power supply to rural agriculture customers of Maharashtra. The signatories to the loan agreement are Maharashtra Rural High Voltage Distribution System (HVDS), Department of Economic Affairs in the Ministry of Finance, and […]

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India plans for rapid procurement of kharif crops at MSP the marketing season 2020-21

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Indian government agencies have continued to procure kharif 2020-21 crops at the designated minimum support prices from farmers as during the current kharif marketing season (KMS) 2020-21 which commenced early this month. According to a Press Information Bureau note, total procurement of paddy across all states in India increased by 48 per cent from 17.7 […]

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India compiling farmer database for deploying technology tools

India is putting together a common database of farmers that will be ready by the year-end to provide targeted programmes for their benefit, including crop insurance, a senior government executive said Thursday. Ashish Bhutani, head of the government’s crop insurance programme, said that the use of technology such as artificial intelligence would intensify for a variety of applications […]

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India’s farm reforms face stern test in opposition-ruled states

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India’s main opposition Congress Party joined hands with several smaller groups to block the introduction of key farm laws to overhaul agriculture markets. The Congress has asked state governments where it is in power to explore ways and means to prevent the new laws that it calls anti-farmer and says encroaches upon state’s powers. Under […]

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Prime Minister Modi defends India’s farm reforms

Indian Prime Minister Narendra Modi on Sunday defended his government’s decision to overhaul agricultural markets through four new legislations that has come under attack by opposition leaders.   Modi said that the new laws would benefit farmers tremendously as they will be able to sell their produce anywhere in the country. Previously, they were required to sell only […]

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