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#Punjab #Farmers were encouraged to shift away from #bajra #pulses #oilseeds #chana & enter #wheat-#paddy cycle by a assured price mechanism policy; why not assure MSP for #pulses to Punjab farmers, which can cut 16,627 crore imports, reduce paddy acreage & paddy #straw ?
An example to show, how the shift from pulses in Punjab happened.
👇
In 1960-61, #pulses acreage in #Punjab was 9.03 lakh hectares with production of 7.09 lakh ton, but; in 2018-19 Kharif, it dropped to 7500 hectares with a production of 6200 tons
The per kg cost of pulse import increased from Rs 16.88 in 2006-07 to Rs 42.80 in 2016-17 (rise of 10%/year). If India were to continue to import large quantities of pulses, the unit cost of such imports is to increase for sure. Why not encourage Punjab farmers to grow pulses ?
Read 14 tweets
🆕 Economic and Social Impacts and Policy Implications of the War in #Ukraine 🇺🇦:

#OECD calls for well targeted support to the vulnerable as war undermines global #recovery.

Read full press release⤵️
oe.cd/4nK Image
Global economic #growth will be more than 1⃣ percentage point lower this year as a result of this #conflict.

#Inflation could be at least a further 2⃣.5⃣ percentage points higher on aggregate than it would otherwise have been.

👉🔎 oe.cd/4nK Image
#OECD calls for greater #EU solidarity in providing help to 🇺🇦 refugees:

Already some 3⃣ million people have fled #Ukraine with more waves of refugees expected in the weeks ahead.

This is far higher than in wake of the recent Syrian refugee crisis. 👇
oecd.org/economic-outlo… Image
Read 5 tweets
Thread

#Punjab had 2 resources, water & good soil.

The much famed #GreenRevolution messed it up.

#Farmers were encouraged to shift away from #bajra #pulses #oilseeds #chana & enter into #wheat-#paddy cycle.

For many years, Min Support Prices, assured a decent #income.

&, Now
An example to show, how the shift from other crops happened over the years
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In 1960-61, total area under #pulses in #Punjab was 9.03 lakh Ha with production of 7.09 lakh ton, but; in 2016-17, it dropped to 14800 Ha with production of 12,600 ton.
73% irrigation in #Punjab is done by #Tubewells

No of Tubewells:-

Early 60's=50,000
2005=11.80 Lakh
2012=12 Lakh
2021=14.5 lakh

Total Blocks=138
Over-Exploited=110

👉Avg yearly rate of fall in #GroundWater= .49 meter
👉CGWB claims that Punjab will become a desert in 25 years.
Read 5 tweets
#MarketAtClose | Market closes lower ahead of FOMC outcome; midcaps underperform.

#Sensex Falls 267 Points To 52,506 & Nifty 102 points to 15,768.

#Nifty Bank slips 244 points to 35,004 & midcap index 256 points to 27,109. Image
#MarketAtClose | 39 Of 50 Nifty Stock Close In The Red; Adani Ports, Hindalco, Tata Steel top losers.

Adani Group Stocks Remain Under Pressure; Adani Ports Down 8%, Adani Ent 7%.

Jubilant Food slips from highs but closes in the green on a positive outlook. Image
#MarketAtClose | #Power stocks like Tata Power, NTPC gain in 2nd half of the session.

Metals fall on China’s curb on overseas commodity exposure ; Nifty Metal down 3%.

FMCG shares gain in a weak trading session; Tata Cons, Nestle top Nifty gainers. Image
Read 4 tweets
Farmers face the biggest Brexit hit and still they don’t think they need to worry! THREAD
In a grim report published on Friday, the #government Agricultural, Horticultural and Development Board @TheAHDB predicted that post-Brexit #farming incomes would fall by 25%. @FarmingUK /1
This wasn’t just in an apocalyptic #NoDeal scenario. If it was, farmers seeing this figure could mutter Project Fear and carry on their arduous work. The problem is that this collapse occurs IN ANY BREXIT SCENARIO @bbcfarmingtoday. /2
It is no exaggeration that entire enterprises, for example poultry production, could be unviable if the AHDB predictions are correct as @RCorbettMEP notes. This is a problem because, in Shropshire @BBCShropshire poultry accounts for 86% of all cattle and livestock. /3
Read 21 tweets

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