-The Tribune Shimla: The dry spell has left farmers of the state worried. The weather is not favourable for wheat and rabi crops. The sowing of rabi was done by mid-December and periodical rain was required to provide moisture to the crop, but the region received only 46 per cent rain from October 1 to December 31, 2015, while the deficit during January 2016 till January 18 was 83 per cent. The wheat...
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NDA junks the ‘dumb peasant’ argument -Anil Padmanabhan
-Livemint.com Traditionally, public policy has tended to view Indian farmers as what is described in economic history as the “dumb peasant” Last week, the National Democratic Alliance (NDA) government launched a revamped crop insurance scheme. At first glance, the scheme, christened Pradhan Mantri Fasal Bima Yojana, looks mostly like a reworking of the risk cover already in place; actually, it is much more. Not only does it take a big step in de-risking...
More »Wholesale food inflation at 17-month high
-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...
More »New crop insurance scheme will reduce premium 10-fold, ensure faster payouts -Sayantan Bera
-Livemint.com The move is an attempt by the government to stem rural distress as farmers are facing three successive crop failures due to inclement weather conditions New Delhi: The central government is expected to launch a new crop insurance scheme for which the rate of premium paid by farmers will be about a tenth of existing rates. The move is an attempt by the government to stem rural distress as farmers are...
More »Third year in a row, horticulture output beats grain production -Vishwa Mohan
-The Times of India NEW DELHI: India's horticulture output has outpaced the production of foodgrains third year in a row in 2014-15 despite deficit monsoon, unseasonal rains and hailstorms. Besides, horticulture production also showed continuous increase unlike foodgrain output which reported a decline in 2014-15 as compared to 2013-14. The figures are part of the horticultural statistics, released by the agriculture ministry on Thursday. The report - Horticultural Statistics at a Glance...
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