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 29,2020

Mangaluru, Jan 29: The police have registered a suo motu case against some of the youths who raised life threat slogans against former Karnataka Minister and Congress MLA UT Khader during the pro-Citizenship Amendment Act rally here on January 27.

A video of the incident that went viral on social media showed the youths belonging to BJP and other saffron outfits raising slogans that they will “cut off his limbs and chop off his head if necessary” during the rally organised by the BJP in support of the Citizenship Amendment Act on Monday.

Though Mr Khader did not file a complaint, the Congress party had urged the police to register a suo motu case.

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News Network
January 2,2020

Mysuru, Jan 2: Mysuru-based Karnataka State Open University is gearing up to offer courses online from this year onwards and a proposal in this connection will be placed before the University Grants Commission (UGC) this month, after approval from the board of management.

As of now, the university offers 31 courses, including undergraduate, postgraduate, and diploma programmes.

Vice-chancellor Vidyashankar S Said that the university will submit its proposal to the UGC soon.

“This is being done to make learning convenient and help students study their courses of choices from the comfort of their homes.”

After launching online admissions for courses, this is another step to go paperless and towards an e-campus, the V-C explained.

The university has also proposed to launch 12 new courses for 2020-21.

A proposal in this regard will be placed before the board for approval on Thursday and the same will be submitted to the UGC for its nod.

Prof. Vidyashankar said the these courses will be in addition to the 31 already available.

The new courses include LLM, MA in Education, BBA, BSc, BCA, diploma in Information Technology, postgraduate diploma in Information Technology, BSc in Information Technology, MSc in Information Technology, MSc in Botany, PG diploma in Banking and Insurance, MSc in Zoology, MA in Telugu, Executive MBA, and MSc in Food Sciences and Nutrition.

The new courses had been proposed based on students’ feedback and the trend.

The V-C said the admissions for the January cycle have begun and over 380 students had so far taken admissions online.

“We are hoping for good admissions this cycle and are expecting around 12,000 admissions,” he replied.

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News Network
March 4,2020

Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.

"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.

The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.

The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.

The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4

Yediyurappa is also expected to spell out populist schemes for the poor.

Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."

he amounts are released once every two months, but the Centre had fallen behind on payments. PX

"There are indications that another payment will be made."

The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.

However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.

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