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FinMin denies farmers to buy seeds with old notes

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indian farmer 1-min-wefornews

New Delhi, November 18: The Finance Minister Arun Jaitley has rejected a proposal entailing permission for farmers to buy seeds worth Rs 10,000 per day with old currency notes of Rs 500 and Rs 1000 until November 24 for Rabi crop. The proposal was sent by Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh on November 15.

Thus demonitisation of 86 % of cash inflow in Indian economy is hard hitting country’s 500 million farmers as this is the most ripe period of season to sow the Rabi crop.

The Agriculture Minister also highlighted how badly the sector is hit by the ban as the country’s Rabi target is around 638.09 lakh hectares of sown area while till November 11 only 146.85 lakh hectares which is 23 per cent of the national target was achieved. After December 10, the sowing seeds would hurt the both the quality and yield.

Finance Minister rejected the proposal and allowed farmers to draw up to Rs 25,000 per week against crop loans.

Department of Economic Affairs however cited the “rise of deposits in Jan Dhan accounts” to reject the Agriculture minister’s request of allowing old currency for seed purchase. The Ministry also said this may turn into “a conduit to offload black money.

Rejecting the Mohan Singh’s plea for relaxation to farmers for the coming week, the Ministry further 16 crore Jan Dhan active accounts in the rural sector could be used by farmers to exchange currency or withdraw cash and used for buying seeds and fertilisers.

The agriculture minister also highlighted that if farmers could buy new seeds with old currency they could purchase certified quality seeds from public sector National Seeds Corporation (NSC) rather than relying on low-yielding seeds saved from their earlier produce due to lacking funds.

The low quality seeds would lower the national output and waste the high-yielding seeds cultivated by NSC, said the agriculture minsiter.

The proposal was well designed as Mohan Singh had also suggested that selling agencies like NSC, ICAR or state agriculture departments may collect attested identity cards and details by farmers so ensure the best use of the provision. Another suggestion was to deny the refund of money or seeds for the made purchases through old currency notes.

But the finance Ministry rejected the proposal and allowed 25000 allowed farmers to draw up to Rs 25,000 per week against crop loans.

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India

‘Ex-HAL chief’s statements on Rafale factually incorrect’

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Rafale deal scam

New Delhi, Sep 20 : Government sources on Thursday dismissed as “factually incorrect” media reports of former Hindustan Aeronautics Limited (HAL) chief T.S. Raju claiming that the defence undertaking had signed a work-share contract with French company Dassault Aviation — the manufacturer of Rafale fighter jets.

“In the news item published (Thursday) ex Chairman and Managing Director, (CMD) HAL has been quoted as stating that an agreed work-share with Dassault Aviation (DA) was submitted to government. The same news item also referred to the cost of the aircraft, life cycle cost issues, etc. The statement attributed to ex CMD, HAL is factually incorrect,” said the sources.

The sources said that Raju was a member of the Contract Negotiations Committee of the Ministry of Defence (MOD) and “there were many major areas of disagreement between HAL and DA”.

They said that the HAL, in a letter on Oct 10, 2012 to the MOD, “brought out these disagreements pertaining to the work-share between them”.

“Subsequently in July 2014, HAL in its letter to MOD has also highlighted one major unresolved issue regarding responsibility sharing between DA and HAL for licence manufacture of the aircraft.

“Further, the man hours required for manufacture of various components of the aircraft in HAL was also a point of disagreement between DA and HAL. There is, therefore, a contradiction in the claims attributed to Raju,” they said.

The sources also said that the since the work-share between DA and HAL was “never agreed upon”, the statement claiming lower life cycle cost is “completely presumptive”.

They said that because of these reasons, the proposal for 126 Medium Multi-Role Combat Aircraft (MMRCA) could not be progressed further.

In an interview to a national daily, Raju who retired from the HAL on Sep 1, asserted that HAL “could have built Rafale fighters in India had the government managed to close the original negotiations with Dassault”.

Riding on Raju’s statements, the Congress led by its president Rahul Gandhi demanded Defence Minister Nirmala Sitharaman’s resignation accusing her of “lying”.

The party claimed that Raju’s remarks “nailed Sitharaman’s lie” that HAL didn’t have the capability to build the Rafale.

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India

Modi, Hasina jointly inaugurate oil pipeline, railway projects

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Narendra Modi Sheikh Hasina

New Delhi/Dhaka, Sep 18 : Indian Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina on Tuesday jointly e-inaugurated the construction work of a cross-border oil pipeline and a railway project, with the former describing the two countries as members of the same family.

Hasina and Modi joined the event in the evening via video-conferencing from Dhaka and New Delhi, respectively.

The 129 km India-Bangladesh Friendship Pipeline connecting Siliguri in India with Parbatipur in Bangladesh will transport petroleum products from Numaligarh Refinery in Assam. Of the total length, 124 km will be constructed in Bangladesh and 5 km in India.

“Geographically we may be neighbours, but emotionally we are members of the same family,” Modi said while addressing the programme.

“Our mutual cooperation in the last few years has shown the world that when two neighbouring countries strive to work together, what all can be achieved,” he said.

“Whether it be a decades-old border problem or development aid cooperation project, we have made unprecedented progress on all issues.”

At the same event, the ground-breaking ceremony of a rail project to improve Dhaka’s connectivity with Tongi and Joydebpur, two towns on the outskirts of the capital city, was also held.

Officials said 48.80 km of the two new dual gauge rail lines would be constructed on the Dhaka-Tongi route and a 12.28 km new dual gauge railway double line on the Tongi-Joydebpur route.

Tuesday’s inauguration of the two projects came a little over a week after both the Prime Ministers inaugurated two railway projects and an electricity project on September 10.

Stating that the pipeline will further boost bilateral cooperation, Modi said that energy was the cornerstone of any country’s development.

“The pipeline will help in the development of the northern Bangladesh. Though it is being done with grant-financing from India, the project will be dedicated to the people and government of Bangladesh once completed,” he said.

Modi said the railway project will not only bring relief to road traffic in Dhaka, but also boost freight revenues.

Speaking from Dhaka, Hasina said that ever since she formed her government in Bangladesh in 2009, she has been working relentlessly to deepen ties with India.

She thanked Modi for the new projects which she said will help in Bangladesh’s development.

External Affairs Minister Sushma Swaraj and Petroleum Minister Dharmendra Pradhan joined the video conference from Delhi and Bangladeshi Foreign Minister Abul Hassan Mahmood Ali from Dhaka.

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No relief in sight from rising oil prices

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Dharmendra Pradhan

New Delhi, Sep 12 : There is no relief in sight from the rising petrol, diesel and gas prices which are burning a hole in the consumers’ pockets.

The government on Wednesday eluded questions on the subject at an official media briefing here, with Petroleum Minister Dharmendra Pradhan asserting that he would not answer questions outside of the day’s Cabinet decisions.

“We will confine ourselves to the Cabinet decisions only,” Pradhan told IANS when asked if a relief was in the offing from soaring oil prices.

The Minister also chose to keep mum when asked if the Union Cabinet discussed the issue on Wednesday.

On Monday, Pradhan had an hour-long meeting with BJP President Amit Shah after the opposition organised a Bharat bandh on the issue.

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