-Livemint.com Wide disparities in agri-marketing regulations have resulted in fragmented markets across states. The new farm bills aim to change this but the jury is still out on whether it will have the intended impact. On 26 September, government procurement of food crops commenced across the country, five days in advance, following the enactment of three contentious farm bills. Under the new policy regime, farmers need not sell their produce through designated...
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Explained: Why it’s an underestimate to say only 6% farmers benefit from MSP -Harish Damodaran
-The Indian Express The actual number could be anywhere between 15 per cent and 25 per cent. “Only 6% of Indian farmers benefit from minimum support prices (MSP)”. So widely-quoted is this figure — especially in the context of the recently-passed Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act — that it has become a factoid or even truism. What is, isn’t counted The apparent source of the 6% figure is the Shanta...
More »A fiscal crisis: Why FCI needs provisioning in food subsidy budget -Sandip Das
-Down to Earth Mounting expenses, under-provisioning of food subsidy budget leading to a huge debt is highly worrisome A fiscal crisis has been brewing in the last few years. Mounting food subsidy arrears — payable to the Food Corporation of India (FCI) due to ‘under-provisioning’ of food subsidy expenses in successive union budgets — has forced FCI to take loans to finance its operations. FCI is the central agency that manages procurement, storage...
More »Farm bills: India’s fields are on fire -Devinder Sharma
-The Telegraph The tearing hurry with which agriculture market reforms have been pushed through, without even consulting farmers, has resulted in huge farm protests in Punjab and Haryana At a time when I see euphoria among mainstream economists over the new set of agricultural reforms, media reports say that the Commission for Agricultural Costs and prices has observed that only 12 per cent of India’s paddy cultivators were able to sell their...
More »Is This the Market Reform Indian Agriculture Needs? -Sudha Narayanan
-TheIndiaForum.in The rules of the game in markets have changed dramatically. But there are problems with the fundamental premise of the approach, there are doubts about the future of state intervention & there are major lacunae in the bills, all making the outcome uncertain. On 5 June 2020, amidst growing concern over the seismic collapse of the economy and the spread of the Covid-19 pandemic, the Government of India promulgated three ordinances...
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