The domino-like latecomer effects of demonetisation, from farm to dinner table
The BJP’s unprecedented success in the Uttar Pradesh election, coming a few months after PM Narendra Modi anounced demonetisation on November 8, 2016, was widely seen as proof of its popularity among the masses. Now, even as the Centre proposes to mark DeMo’s first anniversary as “anti-black money day”, hundreds of farmers in Maharashtra plan to gather at Azad Maidan in Mumbai on November 8—to observe the day as a “barsi” or death anniversary. “There is a lingering effect of demonetisation on the rural economy,” says MP Raju Shetti, who leads the Swabhimani Paksha. “The agriculture commodities market is yet to stabilise. Farmers in Maharashtra are still not getting the right price for their produce.”
Shetti, who parted ways with the ruling NDA earlier this year, points out that INStead of the minimum support price (MSP), currently fixed at Rs 3,000 per quintal of soyabean, the farmers are getting only Rs 2,500. Similarly, in the case of maize, the farmers are getting only Rs 900 per quintal, though the MSP is Rs 1,400. Freshly harvested paddy is fetching Rs 1,300 per quintal (MSP: Rs 1,550), moong and urad (lentils) Rs 4,000 (MSP: Rs 5,000 and Rs 5,400, respectively).
This looks like a repeat of how it was in the weeks following the announcement of demonetisation last November, when farmers, particularly vegetable growers, were either forced to sell their harvest cheap in distress sales, or opted to destroy it on not being able to recover production costs. In Maharashtra alone, Shetti claims, around 400 farmers have committed suicide so far for reasons related to the impact of poor prices.
Bu hikaye Outlook dergisinin November 13, 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Outlook dergisinin November 13, 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Pillars of Viksit Bharat 2024
The Hon'ble Prime Minister Narendra Modi's vision of Viksit Bharat 2047' represents a complete blueprint for the country’s prosperity during its Amrit Kaal towards attaining resolutions made for Aatmanirbhar Bharat’
Innovation in Healthcare Products
Vatsal Desai pioneering the path to healthier living in a growing India
A Master Weaver of Heart Health
In the intricate tapestry of interventional cardiology, Dr Vashisth Das stands out as a master weaver, deftly navigating the delicate threads of life and technology to mend hearts and restore hope
Viksit Bharat 2047: Empowering India through Education & Self-Reliance
As India approaches 2047, the centenary of its independence, the dream of a “Viksit Bharat” – a fully developed, selfsufficient, and inclusive nation – is steadily turning into reality.
Revolutionising New Age Learning
A visionary leader and an educationist par excellence, GS Patnaik shares with the Outlook Group his approach towards driving Value-based and holistic learning initiatives
Pioneering Social Transformation
Achyuta Samanta dedicated to bringing about social change through education and social services for people at the grassroots level
A Vision for Developed India
The concept of Viksit Bharat” Developed India) embodies the aspiration for a prosperous, inclusive, and sustainable India. The framework for achieving this ambitious but achievable goal, in my opinion, can be articulated through some key pillars that serve as the foundation for national progress
Chasing Dreams Relentlessly
For the young and aspiring youth, Manu Bhaker is a fine example of how hard work and perseverance can help achieve set targets
Standing Tall as a Pillar in Healthcare Sector
As technology is advancing and there is an upsurge in medical sciences, Yashoda Hospital is keeping up to its promise of providing top tier healthcare services using specialised and advanced medical technologies and equipment.
Upholding/Strengthening India's 'Viksit Bharat' Dreams
Landmark Crafts Pvt. Ltd., Ghaziabad, Delhi-NCR, is a flourishing enterprise where necessity, keen identification of agap and the right timing of launching HP Self-Drilling Screws in 1995, backed by grit, is a perfect recipe of a success story that pioneered an industry. Mr Pankaj Lidoo and MrVipin Lidoo, Directors of the company, hailing from Kashmir, have set their target to achieve India's dream of a Viksit Bharat by 2047 with visionary zeal