Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
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How China Reduced the Urban-Rural Economic Chasm – and How India Can Do it Too -Mahesh Uniyal
-TheWire.in Unlike China which supported productivity-enhancing R&D investments, India’s focus has been on politically-driven subsidies that mainly benefit large farmers. We saw the trailer two years ago. TV news visuals of the plight of thousands of rural poor marching to Mumbai shocked the relatively affluent residents of India’s financial capital. The March 2018 Maharashtra farmers’ march and now the nationwide COVID-19 lockdown-triggered migrant exodus has exposed the stark duality of India – an...
More »Soil health card helps boost farm income: Study
-PTI New Delhi: Use of soil health card has helped farmers substantially reduce the cost of production and achieve higher production, thereby increasing farm income up to ?30,000 per acre, depending on the crop, according to a government study. The study, conducted by the National Productivity Council (NPC) in 76 districts of 19 States, covering 170 soil testing labs and 1,700 farmers, has been released on the completion of five years of...
More »The flawed spin to India's cotton story -Imran Siddiqi
-The Hindu The country’s hybrid seed model for cotton favours seed companies over farmers Genetically Modified (GM) pest resistant Bt cotton hybrids have captured the Indian market since their introduction in 2002. These now cover over 95% of the area under cotton, with the seeds produced entirely by the private sector. India’s cotton production in 2019 is projected as the highest ever: 354 lakh bales. Bt cotton’s role in increasing India’s cotton...
More »Market incentives, direct income support for farmers are far more effective in increasing agricultural productivity -Ashok Gulati & Sakshi Gupta
-The Indian Express India can learn three lessons from China — investing more in agri-R&D and innovations, improving incentives for farmers by carrying out agri-marketing reforms, and collapsing input subsidies into direct income support on per hectare basis. India and China, the world’s most populous countries, have limited arable land — China has about 120 million hectares (mha) and India 156 mha. The challenge before the two countries is to produce...
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