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Ill-timed rain deepens farmers' distress

-Business Standard Though their intensity has been less so far and the exact impact on the crop is not yet known It is that time of the year when farmers in north and central India worry incessantly of unseasonal rain and hail. As the weather offices had predicted, these have resurfaced in the last few days. Though their intensity has been less so far and the exact impact on the crop is not...

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Budget 2016: At the time of deepening distress, govt's rural push may not be adequate -Nilachala Acharya

-FirstPost.com The preliminary reactions of many people after the Budget presentation gave the impression that farm sector got a boost in terms of a significant increase in budget outlays for the sector. But a closer look reveals that behind this apparent increase is the accounting adjustment of funds for interest subvention, earlier reported under the Ministry of Finance, now shown under the Ministry of Agriculture. In 2014-15, actual spending by the Department...

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Bankruptcy code will help even farmers -Shreya Garg

-The Hindu Business Line It is not just about making matters easier for corporates. Distressed farmers can access relief under pressing circumstances The Insolvency and Bankruptcy Code (IBC) aims at improving the failing credit market situation in the country. A healthy credit market functions well where the debtor and the creditor have faith that their interests are recognised and protected under law. Failure to pay debt is a common occurrence but surprisingly, the...

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Ashok Gulati, chair professor for agriculture at ICRIER, interviewed by Jahnavi Sen (The Wire)

-TheWire.in This year’s Union Budget markets itself as a pro-poor and pro-farmer budget. To take a closer and harder look at this, The Wire spoke to Ashok Gulati, chair professor for agriculture at ICRIER. Gulati tells The Wire why this budget is insignificant for reducing farmers’ distress, in spite of all the talk. Edited excerpts from the interview follow: * How much is the actual increase in the total allocation to agriculture...

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Pro-Farmer? It’s Just An Eye-Wash: Read NAPM’s Critique Of The Budget-2016

-Press Release from National Alliance of People’s Movements (NAPM) Government Running away from Responsibility: Pushing Farmers on edges Overlooked the need of majority of population, catering to few Political ‘Jumlas’ continues, ditching farmers once again under the garb of corporate regime; reduced responsibilities of public sector In recent times, announcement of the Union budget seems to be becoming a futile exercise, even with all the publicity and hype associated with it. We...

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