Sharp fall in vegetable prices, lack of cash hit farmers, traders

[email protected] (News Network)
December 29, 2016

Bengaluru, Dec 29: Even though the sharp fall in the price of vegetables is a good news for common man, farmers and traders are distressed by the unexpected upheavals. On the other hand shortage of cash, a consequence of demonetisation, has had an adverse impact on vegetable business.

vegThe wholesale price of a few vegetables has declined by 50%. The president of vegetable merchants' association, RV Gopi attributed the drastic fall in prices to the surplus stock.

"As a result of demonetisation, farmers and merchants are in no position to send vegetables to Tamil Nadu, Kerala, Maharashtra and Andhra Pradesh. As a result, most of the stock is ending up at the local markets in Bengaluru. Consequently, the price of the vegetables has come down by 30% to 40% on average," Gopi said adding that farmers and merchants were hoping for a revival in January.

Paramesh V, a resident of Vidyaranyapura in north Bengaluru, is certainly not complaining. He stocks up on all the vegetables he needs for the entire week in one visit to the KR Market. "The vegetables here are fresh, and in comparison to the local markets, it is a lot cheaper. Moreover, the prices have dropped drastically in the past few weeks," he said.

Traders get vegetables to the city from Hoskote, De vanahalli, Anekal, Kanakapura, Mandya, Hassan and even Belagavi.

Nataraju MN, a vegetable trader, pointed out that merchants and farmers carried out most of their transactions in cash. "Not all farmers have bank accounts, and it takes time for everyone to get accustomed to cashless transactions. The cap on withdrawal from our bank accounts has impacted our earnings. Many traders send nearly 10 trucks to other states daily, and advance payment to truck drivers and others are made in cash. They need cash in lakhs," he added.

Comments

shaji
 - 
Thursday, 29 Dec 2016

Better send one load of vegetables to parliament and let bjp members enjoy it. Farmers should sacrifice for the demonetising policy of our PM as ache din will come soon.

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News Network
January 7,2020

Kochi/Thiruvananthapuram, Jan 7: The Managing Director of Muthoot Finance company was injured after miscreants allegedly pelted his car with stones here on Tuesday morning following which one person was reportedly taken into custody.

George Alexander Muthoot, who suffered head injury has been admitted to a private hospital, police said.

A section of employees have been agitating against the Muthoot management over dismissal of 160 staff from the company's 43 branches across the state in December.

The protest is being held under the aegis of the Centre of Indian Trade Unions (CITU).

While the Muthoot management alleged that "CITU goons" were behind the attack that occurred at around 9 am in front of IG office here, the union leaders have maintained that they have no role in the incident.

Reacting to the incident, Labour Minister T P Ramakrishnan said he does not think any of the Muthoot employees were behind the attack.

"The employees were protesting peacefully. Violence is not part of their protest. Even now, in today's incident, I don't think any of the Muthoot employees attacked the MD.

However, it was the management of the company which had always provoked them by not implementing the decisions taken at conciliatory meetings," the Minister said.

If the management was prepared to change its stance, all the issues would be resolved, he said.

CITU leader Ananthavattom Anandan told reporters that they do not believe in such type of violent mode of agitation.

An official of the Confederation of Indian Industries Kerala chapter condemned the incident, saying "it is a matter of great concern".

Well known businessman and founder chairman and CEO of V-Guard Industries, Kochouseph Chittilappilly condemned the attack and said it was unfortunate that such incidents still continue in the state.

“Earlier also such incidents have taken palace. It's highly condemnable. The union leaders will now claim that the incident took place without their knowledge. But without the backing of union, such incidents will never happen,” he said.

Kerala-headquartered Muthoot Finance is the largest gold financing company in India.

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News Network
April 24,2020

Riyadh, Apr 24: As many as eleven Indian nationals have died due to COVID-19 in Saudi Arabia.

"As per information available with the Embassy as of April 22, eleven Indian nationals (four in Madinah, three in Makkah, two in Jeddah, one in Riyadh and one in Dammam) have passed away due to COVID-19 in Saudi Arabia," the Embassy of India in Saudi Arabia said in a press release on Wednesday.

It urged the Indian community to remain calm and avoid spreading of rumours amid the COVID-19 crisis.

"The Embassy also reiterates the need for the community to remain calm and avoid spreading of rumours that may create panic. It is important that social media is not used to disseminate false messages and spread hatred along communal lines that can vitiate the atmosphere," the Embassy said.

"As stated by Prime Minister Narendra Modi, COVID-19 does not see race, religion, colour, caste, creed, language or borders before striking, and our response and conduct should attach primacy to unity and brotherhood," it said.

Moreover, several measures on the supply of food, medicines and other emergency assistance to Indians in need are being implemented across the Kingdom.

Earlier, Indian Ambassador to Saudi Arabia, Ausaf Sayeed on April 22 had interacted with Indian community volunteers from the smaller towns all across the Kingdom to discuss the impact of the COVID-19 situation, and evaluate the implementation of various measures to ensure the welfare of Indian nationals.

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News Network
July 5,2020

Bengaluru, Jul 5: Karnataka Chief Minister BS Yediyurappa has asked officials to ensure that all necessary arrangements for COVID-19 patients must be carried out efficiently and transparently, Medical Education Minister Dr K Sudhakar said.

"Karnataka is in a better position due to the efforts and hard work of ministers, doctors, officials and all staff. The cases have increased in Bengaluru and some other districts in last few days due to various reasons. We all have to work hard and contain the spread of virus," Dr Sudhakar told media on Saturday.

"Responsibilities related to policy formulation, preparation of guidelines, communication to media and management of war room have been assigned to me. Deputy Chief Minister Ashwath Narayan has been given the responsibility of managing COVID-19 care centres and Revenue Minister R Ashoka and Chief Minister's political secretary Vishvanath have been given the responsibility of managing private hospitals. The Chief Minister has instructed all of us to work in synergy," he said.

Dr Sudhakar said the matter of imposing lockdown in the state again was discussed in the task force meeting. "I and Deputy Chief Minister suggested that lockdown is not necessary at this stage. The Chief Minister will take a decision on this matter," he added.

Home Minister Basavar Bommai, Health Minister B Sriramulu, Revenue Minister R Ashoka and senior officials were present in the task force meeting.

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