The chamber said concrete steps need to be taken to promote investment, given that recent data shows the investment growth rate slowed from 38.1% in 2007-08 to 36.5% in 2009-10 The Confederation of Indian Industry (CII) on Tuesday called for the government to provide tax incentives on agricultural activities in the forthcoming Budget to encourage private participation and adoption of new technologies in the sector. “CII has recommended encouraging private sector participation...

It is time for us to take a hard look at our agricultural system. We are not yet reliving the food crisis of 2007-08 , but food prices are surging, with global prices for wheat and maize rising by 75% and 60%, respectively, from June to December 2010. Meanwhile, nearly 1 billion people worldwide are going hungry. The obvious solution to many of our food-related ills is to accelerate agricultural growth....

There are many critics and sceptics with respect to the Mahatma Gandhi National Rural Employment Guarantee Scheme, which came into being because of political pressure that managed to overcome quite strenuous opposition from some of the most influential policy making circles. It is likely that much of this criticism is not really because of the declared reasons, like fiscal costs (which are thus far very little) and potential leakage. Rather,...

Roza Mandi, the biggest grain/paddy market in Shahjahanpur distrtict of Uttar Pradesh, is always bustling with traders, farmers and mill owners. However, there is one spot in the market where there is not much activity. And that is the government procurement centre, where farmers are supposed to sell their crops. Amrish Tiwari, a farmer from Shahjahanpur, harvested 1,000 quintal of paddy crop this season. Considering he should have sold around 850...

The face of agriculture in India is changing fast. It needs to become not only sustainable but also profitable for farmers especially the young to stay on the land and cultivate it. The farmers must understand how markets respond to agricultural produce. He should not stop by spending all his life's energy and resources on creating the agricultural produce, but should know how to get good returns for his efforts. This is...