-The Statesman Agriculture is the source of livelihood for nearly 700 million people in India, representing a huge workforce. More than half the GDP of the rural economy is based on agriculture. It is not just a profession but a traditional occupation, a way of life. Agriculture is characterised by small and fragmented land holdings. Small (up to one hectare of land) and marginal (more than one ha and up to 2...
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The weakest link - Ashok Gulati
-The Indian Express Among the Modi government’s many hits was one crucial miss — agriculture. The Narendra Modi sarkar’s performance in the first year has at least five major achievements and one major miss. To ensure that this neglect does not become its Achilles’ heel, the Modi sarkar will have to focus on and initiate reforms in this weakest link in the chain — agriculture. Else, it will not let the Indian...
More »New child labour framework leaves it open to misuse
-Hindustan Times The realities of India’s socio-economic situation are often cited as the reason for some of our more retrograde laws. The one on child labour is a case in point. The Union Cabinet has increased penalties for offenders but at the same time allowed children below 14 to work in select family businesses after school hours. The caveat is that such businesses cannot be hazardous but should be things like entertainment and...
More »Targeted lending to farmers a must -Gopa Kumaran Nair and Nirupam Mehrotra
-The Financial Express In a column in The Financial Express, ("Time to tweak priority-sector lending", goo.gl/6O8AOL, February 6), the author made a case for "tweaking" priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population. Specifically, the article argued for revisiting the sectoral targets and cited a reduction in the share of agriculture sector in GDP as a valid reason...
More »A budget to transform -Pulapre Balakrishnan
-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...
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