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Problem of plenty: on devising a sound agricultural policy

-The Hindu Agricultural policy should look to address the problem of severe price fluctuations There appears to be no end in sight to the cycle of boom and bust in the prices of agricultural goods. Over the last few weeks, across India the price of potatoes has fallen sharply after a year of bumper production. With the price of a kilogram of potato dropping as low as under a rupee in certain...

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How India lost its historic agriculture recovery growth phase in just four years -Richard Mahapatra

-Down to Earth Government reports say 2004-14 had the highest agriculture growth that has fast slipped back to near-zero growth despite normal monsoons and bumper yields The National Democratic Alliance government is scrambling to rescue the agriculture sector from a crisis never seen before. On January 10, Prime Minister Narendra Modi met over 100 economists in a first ever such interaction. Agriculture, rural economy and unemployment dominated the discussions. Modi’s promise of...

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Congress puts govt on mat for refusal to cut fuel tax as prices soar -Sanjay Dutta

-The Times of India NEW DELHI: At a time when fuel prices are shooting through the roof due to increasing global oil prices, the Congress on Thursday put the government on the mat for not providing relief by passing on the benefit of money it has mopped up by raising excise duty on petrol and diesel. Raising the issue of increasing pump prices in Parliament, the leader of the Congress in the...

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Cautionary tales -Rakesh Kalshian

-Down to Earth Jean Dreze argues that we should not leave the making of an equitable society to experts alone What does one make of the shameful statistic that over 200 million Indians still subsist below the poverty line? How does one square it with the equally obscene distinction that we have the world’s fourth largest number of billionaires, thus making India the second most unequal nation after Russia? Indeed, how...

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Food for reform -Ramesh Chand & Jaspal Singh

-The Indian Express Price fluctuation and low and unremunerative prices for farm produce can be addressed through competitive markets, and much-needed reforms. EXTREME volatility in the prices of some food commodities has, in recent years, been hurting producers as well as consumers, while also disrupting certain economic activities. The reason for this appears to be the waning influence of non-price factors (technology, irrigation, extension) in driving growth, and the role of prices...

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