In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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Deflation in WPI of 8 kharif crops observed during 2016-17 to 2018-19, while their MSPs grew at a positive rate
It is being said by economists that unlike the issue of low food production that gripped Indian agriculture for long in the past, the present problem is about farmers not getting remunerative prices against the crops that they are growing. According to farmer leaders, the policymakers are too late to realise that bitter truth. As a result, there is a growing disenchantment in the rural hinterland against the ruling government...
More »Farm suicide as an indicator of agrarian crisis should be used with caution
Passionate about the deepening of agrarian crisis, quite often journalists and media persons cite figures related to farm suicide (as provided by the National Crime Records Bureau) in order to draw the attention of the readers. They do so in the following ways: * Compare the absolute number of farm suicides (viz. suicide by cultivators + suicide by agricultural labourers) across regions/ states for a particular time point or time period...
More »India's progress against multidimensional poverty -Francine Pickup
-Livemint.comThere is a growing recognition among policymakers of the need for a multidimensional approach to assess deprivationThere's been some good news for India over the last month. Three different robust, credible measures of poverty have recorded a dramatic reduction in the incidence of poverty in India. The most straightforward of these, the World Bank's estimate of the number of people living on less than $1.90 per day on a purchasing...
More »Country's non-income-based poverty level has fallen over the past 10 years, shows new report
For long, economists have argued among themselves whether income should be the only criterion for measuring poverty. After all, in real life a person can face multiple deprivations, say, in terms of access to education, health and living standards, among others. The multidimensional poverty index (MPI), which offers a valuable complement to traditional income-based poverty measures, was first introduced in the 2010 Human Development Report (HDR). The MPI looks at...
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