At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

-The Business Standard   The new grain pricing policy for 2012-13 rabi marketing season seems a half-hearted attempt to make farmers grow more oilseeds and pulses, which are in short supply. This is apparent from a hefty hike of Rs 650 to Rs 700 a quintal, or around 35 per cent, in the minimum support prices (MSPs) of oilseeds and pulses and a relatively modest increase of Rs 115, or 10 per...

Ahead of next year’s assembly elections, the Congress-led United Progressive Alliance (UPA) government plans to revise a proposed food security law to bring it in line with a previous draft that is deemed more liberal, and expedite its execution. Congress president Sonia Gandhi, who also heads the National Advisory Council (NAC) that drafted the initial National Food Security Bill, has suggested some crucial changes to the version that was made public...

-The Business Standard   This year’s paddy procurement season has started with foodgrain stocks being more than double the buffer stock norms. An increase in grain stocks will put a strain on the already-scarce warehousing space, with consequences for safe storage and usability. Thus, excess holding of grains ought to be avoided. Maintaining a stockpile of nearly 55 million tonnes, with average economic cost of wheat and rice being Rs 18,000 per...

-The Business Standard   PDS no prerequisite for grain entitlement to general-category families. The contours of the Food Security Bill are firming up, what with the proposed legislation now stipulating a monthly minimum of seven kilograms of grains per person for the country’s priority households. In fact, this category of families — with a pregnant woman, dependent children or a differently-abled member — will get even higher quota depending upon the availability, as...