-Down to Earth Thousands of people working under NREGS bring a 38 km stream back from the dead in Uttar Pradesh Thirty nine-year-old Ram Ishwar gave up farming to pull a rickshaw outside the railway station in Uttar Pradesh's Fatehpur town. He says scarcity of water and a resultant increase in the cost of irrigation rendered farming unprofitable. Wheat production from his 0.4 hectare (ha) farmland shrank from one tonne to half...
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Kerala govt mulling waiver of stamp duty for farm loans
-The Hindu Thiruvananthapuram (Kerala): The government is considering a proposal to exempt stamp duty on agricultural loans issued by commercial banks. Finance Minister K.M. Mani told a meeting of the State Level Bankers Committee (SLBC) here on Monday that a decision on the issue would be taken soon after assessing the financial implications. Pointing to the substantial share of commercial banks in primary sector credit, the last meeting of the SLBC had...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »Legislation alone cannot suffice to deal with problem of hunger -Biraj Patnaik
-The Hindustan Times The passage of the National Food Security Act (NFSA) made 2013 a landmark year for the right to food in India. It was a small but significant step in the battle against hunger. If the year was witness to the emergence of a political consensus, nationally, on the right to food, the next year will need to be characterised more by action and not just intent. The principal challenge in...
More »The subsidy devil is in the detail-Rajiv Shastri
-The Business Standard Expenses such as employment guarantees and loan waivers are, in effect, subsidies that are classified differently in government accounts Over the last few years, the government announced many policy initiatives that purportedly help the weaker sections of our society. Schemes initiated under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) or the distribution of free and affordable food items under the National Food Security Act (NFSA) are examples...
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