-The Hindu With crops hit by drought and the TO-1057 seed, our reporter visits Narayangaon, among the country’s largest tomato growing regions, and finds farmers struggling to cope with the failed harvest but still faithful to the fruit Last week, the grey rain clouds over the Sahyadris seemed full of promise. A few light showers, and colour was slowly returning to parched leaves and the dry earth was beginning to yield again....
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The bitter tales of Shamli’s sugarcane farmers: ‘Netas talk palayan (exodus), our issue bhugtan (payment)’ -Harish Damodaran
-The Indian Express Even though Shamli tops in sugarcane production, there is nearly Rs 300 crore dues for district farmers. Shamli/ Kairana: Mohkam Singh supplied 22 buffalo carts of cane, each laden with 18 quintals, to the sugar mill at Shamli belonging to Sir Shadi Lal Enterprises Ltd in the 2015-16 crushing season. These 400 quintals should have fetched about Rs 1.12 lakh at the Uttar Pradesh government’s state advised price (SAP)...
More »The indirect benefits transfer -Jayati Ghosh
-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...
More »Limited outreach of subsidised crop loan scheme among small & marginal farmers
The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...
More »Clearing the air on LPG -Siddharth George & Arvind Subramanian
-The Indian Express Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent. Direct cash transfers have the potential to improve the economic lives of the poor by transferring benefits to households quickly and directly. Achieving these benefits requires thoughtful design of schemes, and careful, rigorous analysis of ongoing...
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