No proposal to revise Minimum Support Price Despite demands from Punjab, Haryana, Uttar Pradesh, Chhattisgarh and Madhya Pradesh, there is no proposal with the Centre to revise the Minimum Support Price (MSP) or announce any bonus for wheat, paddy and sugarcane crops. However, it is working towards a system of ensuring remunerative prices under which farmers do not require any concessions in future, according to Union Food and Agriculture Minister Sharad...

A farmer on Monday committed suicide due to bad crops and under the fear of non-payment of debt taken from the moneylender in Maharashtra's Thane District.The farmer was identified as Govind Patil, who had taken loan from a moneylender for growing crops.Meanwhile, farmer's association has requested the government to waive off all debts of the deceased farmer."The farmer who has committed suicide, his all debts should be waived off and...

The papers in this volume, as indicated in the preface, are not envisaged to be mere academic exercises; they are intended to provide the basis for informed discussions among key stakeholders and with policymakers involved in the areas related to agriculture, food security and rural development in India. If achieving self-sufficiency in food is the primary goal of agriculture policy, poverty alleviation is the second. As has been pointed out,...

Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...

Some 350 million people living in rural areas being lifted out of extreme poverty in the past decade, according to The Rural Poverty Report, published by the International Fund for Agricultural Development (IFAD), a United Nations (UN) agency. However, in spite of this, more than a billion people around the world still continue to suffer. The UN describes extreme poverty as living on less than $1.25 (80p) a day. But factors such as...