
Tenant farmers demand immediate payment of paddy dues, transport charges
The Andhra Pradesh Tenant Farmers' Association has urged the State government to immediately credit the pending dues related to paddy procurement, transportation, and handling charges into farmers' accounts. The association, on Thursday, submitted a memorandum to Manazir Jeelani Samoon, Managing Director of the Civil Supplies Corporation, highlighting the severe financial distress being faced by farmers across the State.
The association pointed out that the districts such as West Godavari, East Godavari, Dr. B.R. Ambedkar Konaseema, Kakinada, Krishna, NTR, and Guntur are among the worst-affected regions, with large amounts pending. 'Pressure from lenders, growing interest on loans, and lack of response from officials have left farmers distressed,'' it said.
Association State secretary M. Haribabu said that paddy dues crossed ₹1,000 crore. The farmers had been waiting for payments more than two months after selling their Rabi harvest. While some initial payments were made, no funds have been credited to farmers since May 8.
In addition to the cost of harvesting, the farmers have been forced to pay upfront for transportation, labour, weighing, and gunny bags, which should have been covered by the government. With the Kharif season fast approaching, tenant and small farmers are now struggling to arrange fresh credit, buy seeds, and pay off old loans, he said.
'The situation is so dire that farmers are not just facing delays in payments but also losing eligibility for the zero-interest loan scheme, which requires repayment within the financial year. Because of delayed payments from the government, farmers will now have to pay interest on their borrowings,' he said.
He warned that continued government negligence may lead to State-wide protests.
The delegation included Mr. M. Haribabu, Krishna district unit secretary Panchakarla Rangarao, and NTR district leaders K. Srinivasa Reddy and G. Hanuman Reddy.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
a day ago
- Time of India
Centre flags misuse of agriculture urea in AP
Vijayawada: The Union Govt has raised serious concerns over the rising use of agriculture-grade urea in several states, including Andhra Pradesh, amid suspicions of diversion for non-agricultural and industrial purposes. Responding to directives from the Union agriculture secretary and cabinet secretary, the Andhra Pradesh agriculture department is preparing to issue strict guidelines to curb misuse. Director of agriculture Dilli Rao said the Centre observed a sharp increase in urea usage during the current Kharif season — 3.88 lakh metric tonnes compared to 3 lakh metric tonnes last year — an excess of 88,000 metric tonnes. Urea, intended solely for crop cultivation, is reportedly being diverted for use in industries such as plywood, varnish, paint, AdBlue solution, beer, illicit liquor manufacturing, aquaculture, poultry and animal feed. Some of it is allegedly smuggled across borders into neighbouring states. In Andhra Pradesh, several districts — including NTR, Eluru, Palnadu, Kurnool, Anantapur, Sri Sathya Sai, Chittoor, Tirupati, ASR, Manyam, Visakhapatnam, and Srikakulam — share borders with Telangana, Karnataka, Tamil Nadu, Odisha, and Chhattisgarh, raising the risk of cross-border transportation. A high-level meeting, led by the chief secretary, will soon finalise enforcement strategies. Coordination with the transport department is also being planned to monitor movement across state lines. Dilli Rao added that district-level meetings will follow, involving district collectors, joint collectors and industrial stakeholders. Sales data will be scrutinised to identify unusual buying patterns.


Time of India
a day ago
- Time of India
5.5% terminal rate to remain for some time, rate cuts unlikely soon: Report
The Reserve Bank of India (RBI) is likely to keep the terminal rate at 5.5 per cent for some time in the near-term, asserted Bank of Baroda Economist Jahnavi Prabhakar, citing the central bank's guidance that future actions will be data dependent and on basis of ongoing development on external front, related to uncertainty due to trade negotiations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi [India], August 6 (ANI): The Reserve Bank of India (RBI) is likely to keep the terminal rate at 5.5 per cent for some time in the near-term, asserted Bank of Baroda Economist Jahnavi Prabhakar, citing the central bank's guidance that future actions will be data dependent and on basis of ongoing development on external front, related to uncertainty due to trade Governor has also cautioned today of a hawkish pause, signalling there is limited room for further easing in interest most, the next rate cut could be likely in Q3 2025-26, the Bank of Baroda Economist wrote in a report. However, since the inflation forecast for both Q4 2025-26 and Q1 2026-27 is above the 4 per cent mark, the chances of a rate cut have diminished to a great the end of the three-day monetary policy meeting, they decided to keep the repo rate unchanged in line with popular expectations, with the repo rate at 5.5 per cent with a unanimous is the first time the RBI has maintained the status quo on rates since it began the easing cycle in February 2025. The stance of the monetary policy was also retained at 'neutral'.The RBI had frontloaded rate cuts in its previous policy meet, and the impact of the same is still the growth front, RBI has retained growth projections for 2025-26 at 6.5 per quarterly forecast was also maintained with growth in Q1 at 6.5%; Q2: 6.7%; Q3: 6.6%; and Q4: 6.3%. RBI has suggested Q1 2026-27 growth at 6.6%. Risks are evenly balanced for these projections, as asserted by the central bank noted that the gradual monsoon has been progressing well and is supporting Kharif sowing In line with expectations, the RBI has also revised its inflation projections downward for 2025-26 to 3.1% from 3.7% noted that the sharp moderation in headline inflation is largely driven by food inflation, which supply-side measures and higher agricultural activity have supported.

Economic Times
a day ago
- Economic Times
Rate-sensitive stocks fall up to 4% after RBI holds rates, maintains neutral policy stance
Rate-sensitive stocks, including banking, non-banking financial services, and realty, edged lower on Wednesday after the Reserve Bank of India (RBI) kept the benchmark repo rate steady at 5.5% and reaffirmed its 'neutral' policy stance, in line with expectations. The central bank also signaled continued resilience in growth and easing price pressures through revised inflation projections. ADVERTISEMENT The Bank Nifty fell 0.2% following the RBI's policy announcement, while the Nifty Realty index dropped 2.3%. Broader financials also traded weak, with the Nifty PSU Bank index and the Nifty Financial Services index down 0.2% each. The Nifty Financial Services Ex-Bank index underperformed, slipping nearly 1%. Among rate-sensitive sectors, real estate bore the brunt of the market reaction. Prestige Estates, DLF, and Godrej Properties fell between 2% and 4%. Banking and NBFC stocks also saw selling pressure, with IndusInd Bank, AU Small Finance Bank, and IDFC First Bank declining in the range of 1% to 2%. 'The MPC's unanimous decision to keep the repo rate unchanged at 5.5%, even while reducing the CPI inflation forecast to 3.1% for FY26 from 3.7% earlier, can be described as a dovish pause,' said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial added that the downward-trending inflation, supported by a good monsoon and Kharif sowing, will keep inflation well-anchored, enabling the MPC to go for another rate cut in this rate-cutting cycle.'The RBI Governor's view that 'we are waiting for the transmission of front-loaded rate cuts' is appropriate under the current circumstances. This policy of a dovish pause while maintaining a neutral stance is positive for the banking and other rate-sensitive sectors,' he said. ADVERTISEMENT 'Domestic growth is holding up and is evolving along the lines of our assessment, though some high-frequency indicators showed mixed signals in May and June,' said RBI Governor Sanjay Malhotra.'Over the medium term, the Indian economy holds bright prospects in the changing world order, drawing on its inherent strength, robust fundamentals, and comfortable buffers.' ADVERTISEMENT The central bank retained its real GDP growth forecast for FY26 at 6.5%, with quarterly estimates unchanged at 6.5% in Q1, 6.7% in Q2, 6.6% in Q3, and 6.3% in inflation, the RBI revised its full-year CPI forecast to 3.1%, down from 3.7% previously. The Q2 FY26 estimate was sharply cut to 2.1% from 3.4%, while Q3 was lowered to 3.1% from 3.9%. The Q4 forecast remains at 4.4%, with Q1 FY27 inflation projected at 4.9%. ADVERTISEMENT 'Retail inflation is likely to see an uptick in the last quarter of FY2026,' Malhotra noted, though he added that 'core inflation is likely to remain steady around the 4% mark.'After slashing rates by 50 basis points in the previous meeting, the RBI's decision to pause while maintaining a neutral stance was broadly anticipated by the market. The central bank has now reduced the benchmark rate by a cumulative 100 basis points over the past three meetings, front-loading its easing measures for the current fiscal into the policy, many analysts had predicted a 'dovish pause', expecting the RBI to lower its CPI projections for the year. With growth remaining steady and inflationary pressures cooling, most economists now expect the central bank to hold its stance steady in the near term. ADVERTISEMENT Also read | RBI MPC keeps repo rate unchanged at 5.5% amid Trump tariff threats; reveals GDP, inflation targets for Q1 FY27 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)