-The Times of India NEW DELHI: The India Meteorological Department (IMD), country's national weather forecaster, on Tuesday predicted normal monsoon rainfall for the year, sending a positive signal to the farm sector and the overall economy. "Even the distribution of the rainfall is expected to be good this year," said IMD chief KJ Ramesh, sounding quite optimistic about the prospect of having a good year for the country's agriculture. Good spatial distribution...
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Agri reforms soon to augment farm income -Vishwa Mohan
-The Times of India NEW DELHI: The agriculture ministry in consultation with the Niti Aayog has identified a set of NINe marketing reforms to ensure remunerative prices to farmers for their produce by reducing intervention of middlemen. The measures are likely to be in place by July and are considered one of the key steps in doubling farmers' income by 2022. "PM Narendra Modi wants these reforms to be implemented by July. We...
More »Record global harvest of cereals, India too heads for a new high -Subodh Varma
-The Times of India Humanity harvested the largest ever cereal crop in its history in 2016-17 — a staggering 2.6 billion metric tonnes, according to the latest estimates of the UN-affiliated Food and Agriculture Organisation (FAO). The year is ending with the largest ever global stock of foodgrains in history, some 682 million tonnes. India too is heading for a record cereal crop as the previous year's final wheat is harvested and...
More »Are farmers collateral damage of modern economic growth? -Sanjiv Phansalkar
-VillageSquare.in People living in villages, who are migrating in large numbers to urban spaces in search of livelihoods, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labor costs low Till about 1990 since Independence, our country followed what may be broadly termed an import-substitution strategy for economic growth. This meant high import duties and rigid non-tariff barriers on imports and...
More »Wealth in India: The poor do not count -Manas Chakravarty
-Livemint.com The richest household’s assets are worth much more than that of all the others combined and the same conclusion holds if we take the distribution of rural assets We all know that Credit Suisse reckons that the richest 1% of Indians own 58.4% of the nation’s wealth, up from 36.8% in 2000. What is perhaps not so well-known is that, according to the Credit Suisse report, the bottom 70% of Indians...
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