Farmers grow smarter to beat note ban woes
Farmers in Karnataka have taken to trading via the Unified Market Platform (UMP) of Rashtriya e-Market Services (ReMS) easily even as demonetisation has hit business across the country.
Ryots shrug off cash blues, accept online payments
Demonetization has hindered trading activities in agricultural markets across the country but Karnataka, a pioneer in the IT sector, has managed to minimize the damage, thanks to the automation of Agricultural Prod u c e M a rk e t C o m m i t t e e (APMC
Online trade helps APMCs avoid demonetisation blues
The ReMS has started negotiations with Banks to tie up with APMCs for online mode of payment. Around 13 lots of Rs 6.8 lakh have been deposited in bank accounts of farmers, commission agents and the market fee has been paid to APMC’s settlement accounts.
Demonetization lesson: Why linking of online trading to farmers’ bank accounts must happen fast
Trading in almost all of Karnataka’s commodity mandis has gone online after the state adopted pioneering root-and-branch reforms in early 2014.
But if progress in making payments directly into the bank accounts of farmers were as swift, the decline in business after the demonetisation of high value currency notes might have been arrested
APMC trade volume is down 38 per cent
Demonetisation prompts move to cheque and online payments
The currency crunch resulting from denomination has hit trading in Agricultural Produce Marketing Committee (APMC) markets across Karnataka, bringing down the volume of trade by a sharp 38 per cent.
‘Online payments will now gain momentum in agri markets’
Bengaluru, November 20 Demonetisation has jeopardised trading in agricultural markets across the country. In Karnataka, considered a pioneer in agri-marketing reforms — most APMC [Agricultural Produce Market Committee]market yards in the State are already
Now, you can buy affordable timber online through govt's e-auction
The state forest department has launched an e-auction of wood. To take part in the auction, people can register themselves online and look up the list of products for sale on ka.remsl.in of Rashtriya e-Market Services (REMS), a joint venture of the govern
Karnataka’s farmers will have to produce marketable quality to gain from pioneering reforms
Manoj Rajan has plenty on his hands. He has three visiting cards for the three hats he is wearing. He gets a call from a district collector, and he discloses it sotto voce. He has to make a presentation in Delhi and the secret is shared. Karnataka’s cult