Letters to the Editor – December 10, 2021

This is a reference to the article “Why this request for agricultural support prices?” For years, governments, regardless of political affiliation, have made promises to farmers but failed to implement them. The recent farmer unrest is a warning to ruling parties that farmers’ patience is running out. Farmers don’t even get their invested money back and they. continue to be at the mercy of nature. These factors lead farmers to demand a legal guarantee for PSM. But this is unlikely to solve their problems. The government should provide low cost rental storage rooms. Farmers should improve their technical knowledge and start modern methods of agriculture.

Bhimavaram (AP)

By the way, article by N. Madhavan, our agrarian sector is plagued by cartels of intermediaries. It is a known fact that in India the price farmers get for their produce is only 30 percent of what consumers pay.

According to NITI Aayog, more than 49 percent of the workforce is concentrated in agriculture, which contributes less than 14 percent of the GDP.

To increase the consumer demand, since the majority of the population live in rural India, the best way to solve this problem is to introduce agricultural reforms. The government has proposed a proactive 16-point action plan to improve the situation of the agricultural sector and double agricultural income.

But unfortunately, the Centre’s top-down approach thwarted reforms in agriculture. Agriculture being a matter of state, convincing states and educating farmers through their companies / unions will be the way to go.

Thiruvananthapuram

Regarding the editorial “Dealing with Omicron” (December 10), it is unfortunate to have the threat of the highly mutated SARS-CoV2 avatar, the Omicron, lurking just as the countries of the world whole return to normal.

Omicron’s symptoms are mild, and the number of infected people turning to hospitals and health centers is manageable. But its behavior with the elderly and those with co-morbidities is less well known.

It is said that the impact of Omicron is less on those who have received two doses of vaccination and serves as the first deterrent against the new infection.

Although the number of infected cases across states is increasing but not that alarming. To date, we still have to cover 50% of the eligible population with vaccination.

We must redouble our efforts to cover 100% of the population with a full vaccination and we cannot afford to take risks while we are on the right path to economic recovery.

Chennai

These are called “Bypassed depositors” (December 10). MPC’s continued status quo on pension rates and accommodative stance is to support the economic recovery. Since this position will provide borrowers with cheap funds, the likelihood of banks having NPAs and discounts on their loans will increase.

This favorable position for MPC borrowers is detrimental to the interests of borrowers, especially with looming inflation.

Bank depositors opting to invest in gold will hamper banks’ loanable funds.

Borrowers, instead of repaying loans on time, are looking for loan restructuring, one-time settlement, forcing banks to downgrade.

Depositors are now reluctant to put their money in bank deposits and the MPC needs to address this issue by balancing repo rates.

Sivakasi

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