Governments rarely shy away from showering farm sops but Karnataka’s BJP government hopes to reap gains with a debatable claim: that its policies have helped reduce farmer suicides. State agriculture minister Umesh Katti recently reeled off in the Assembly suicide figures (see chart) that show a declining trend since 2008-09, when the B.S. Yeddyurappa cabinet took power. The assertion that the slide is because of the government’s efforts follows an agriculture...

The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...

Dr Howarth E Bouis, director of HarvestPlus, is a doctorate from Stanford University. He is promoting biofortification within the Consultative Group on International Agricultural Research, agricultural research and nutrition community in various countries. What is biofortification of crops? Biofortification is a process where plant breeders explore crop genetic diversity in seed banks and create a crop that is rich in specific micronutrients. There are two ways to biofortify crops—conventional plant breeding and...

A renewal of concern about fiscal management in India is partly due to the resurgence of populism even in a post-election year. Instead of working to reduce the subsidy bill, various political elements seem to be pushing for even higher subsidies. The recent decision of a group of ministers to absorb higher import and production costs of fertilisers by raising subsidy, rather than increasing prices, is just one example. Some...

Global wheat harvests may trail demand for a second year, spurring hoarding and further price gains, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN Food and Agriculture Organization, said in an interview by phone from Rome. Wheat, corn and soybeans soared to the highest levels since 2008 yesterday as a U.S. government report showed...