Tweet

More from @ramanmann1974

Ramandeep Singh Mann

@ramanmann1974

20 Jul 20

Thread

Why #farmers came on road today

This started with Modi Govt setting up Shanta Kumar Committee which gave its report in Jan 2015, recommending scrapping of Bonus given to farmers over MSP, & recommending "direct cash transfers" for PDS i.e. scrapping MSP procurement & FCI

Modi Govt accepted the recommendations, & curtailed states’ power to declare bonuses for wheat & paddy over & above the Min Support Prices fixed by the Centre. So, States could not give bonus to their farmers, Punjab, Haryana, M.P farmers & others used to get bonus, which stopped

@NITIAayog

Then from 2015 to 2019, Modi Govt's institutions like @NITIAayog kept on saying in public that Min Support Procurement is unviable Mechanism, then in 2019~20 reports Commission of Agriculture Costs & Pricing started recommending restricting MSP procurement from #Punjab & #Haryana

Read 10 tweets

Ramandeep Singh Mann

@ramanmann1974

29 May 20

#Locust Thread

An avg #locust swarm, can have 40~80 million locusts that can devour as much food in 1 day as 2,500 people or 10 elephants. In the first breeding period, locusts increase by 20 times; in the second, by 400 times; and, in the third breeding period, by 16,000 times.

#Locusts are actually spl kinds of grasshoppers known for their gregariousness, which means their bodies actually change as they socialize into swarms, change color and grow bigger muscles as they gather into massive clouds, moving 150 Km/day across landscapes & devastating crops

Desert locusts only lay eggs in moist soil. When heavy rains come in to saturate the desert, locusts—ever the opportunists—breed like mad and fill the soil with their eggs, perhaps 1,000 per square meter of soil. When those eggs hatch, they have plenty of vegetation to eat.

Read 8 tweets

Ramandeep Singh Mann

@ramanmann1974

22 May 20

Thread #AgriReforms
👇
New, organised & tech driven procurement/#marketing systems will only work as actual options for farmers if they manage to address the real constraints that #farmers face on ground, especially access to credit, inputs, storage, transport, & timely payments.

Farmers will not benefit from the newly announced reforms if they cannot overcome these constraints. While increasing competition for intermediaries is desirable, their elimination is a misguided/dangerous objective if one does not respect or replace the roles & risks they cover.

Even today the majority of farmers, especially small & marginal cultivators, sell their produce to largely unlicensed traders/intermediaries in Vill/local sites of exchange outside APMC. But, if farmers r bound by law to sell in APMC mandis, why r so many of them selling outside?

Read 6 tweets

Ramandeep Singh Mann

@ramanmann1974

18 May 20

Thread
Giving farmers options to sell is good, but why were Maharashtra farmers dumping produce, when Maha has deregulated veg fruits from APMC, why do Bihar farmers not realize fair price, when Bihar doesn't have a APMC act since 2006

Will contract farming ensure MSP/fair price

Why doesn't Center/State Govt take the onus to introduce farmer led FPO's in APMC mandis, is that not competition?
Why doesn't Center/State come up with a direct farmer to customer model, wherein seed money/infra/hand holding/logistics is done by involving farmers/farmer led FPOs

Processors/Exporters/Big buyers/Facilitators are Pvt entities, with 1 goal i.e. to maximize their profits, if Govts wants farmers to be in the game, then their position has to be strengthened, & the only way to do is to introduce them in the marketing chain+make them stakeholders

Read 4 tweets

Ramandeep Singh Mann

@ramanmann1974

20 Mar 20

Thread-

This is how E.U reacts #economy #CoronaOutbreak !

#German Govt is making up to €500bn in loans available to companies who are hit, these companies can now defer payments worth billions of euros in tax payments, will compensate workers who r sent home by their employers

#France promised unlimited budgetary support for companies and employees affected by #CoronaOutbreak—that will cost €45bn, will pay laid off employees, arrange €300bn of French state guarantees for bank loans to businesses & €1tn of such guarantees from European institutions.

#Italian Govt passed a decree earmarking €25 billion,
one-off payments of €500/person for the self-employed, govt support for companies paying redundancy payments to their staff, a freeze on any worker lay-offs, and a cash bonus for Italians still working during the lockdown.

Read 9 tweets

Ramandeep Singh Mann

@ramanmann1974

15 Mar 20

Thread

#YesBank Story

How Rana Kapur gobbled 5000 crore in kickbacks

Give out loans to doubtful Co's
They become NPA's
Instead of declaring em NPAs & initiating recovery proceedings, Kapoor conspired with the companies & got them to invest in firms run by his wife & daughters.

@RBI

In 2015, @RBI, under asset quality review, the RBI inspectors found that #YesBank had suppressed its NPAs — reportedly underreporting the same by Rs 2,299 crore in 2018-19, Rs 6,355 crore in FY 2017 and over Rs 4,000 crore in FY2016 —as well as it had cooked up its balance sheet.

Rana Kapoor continued his rein till 2019, when he was shown the door, but by then, it was already too late

Meanwhile, the bank’s bad loans kept growing. Following the RBI’s asset quality review in 2019, its gross #NPA's surged 87% from a year ago, Its net NPAs more than doubled.

Read 9 tweets

Share this page!

Ramandeep Singh Mann

Try unrolling a thread yourself!

More from @ramanmann1974

Ramandeep Singh Mann

Ramandeep Singh Mann

Ramandeep Singh Mann

Ramandeep Singh Mann

Ramandeep Singh Mann

Ramandeep Singh Mann

Did Thread Reader help you today?

Like this author's thread?