-Livemint.com Unless the convoluted arithmetic behind fiscal deficit gets as much attention as headline fiscal deficit number, creative accounting practices will go on Mumbai: The Narendra Modi-led National Democratic Alliance (NDA) government has been lauded for its ability to rein in the headline fiscal deficit over the past few years, which has arguably helped tame inflation. However, with reverses in key assembly elections earlier this month and Lok Sabha elections to be...
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Oilseeds, pulses procurement progressing at a snail's pace -Madhvi Sally
-The Economic Times NEW DELHI: The prime minister’s pet scheme to ensure higher income for farmers through robust procurement in coordination with states is moving at a snail’s pace, with just about 11% of the target achieved in the first two months, officials said. Food Corporation of India (FCI) and National Agricultural Cooperative Marketing Federation of India Ltd (Nafed), which have a target to procure 33 lakh tonne of oilseeds and pulses...
More »MSP sustains the illusion that farmers rule in this country -Yogendra Yadav
-Livemint.com A partial hike in the MSP on paper was packaged by the govt as three fresh and historic steps for farmers’ welfare Minimum support price (MSP) is a fiction. It is a feel-good fiction. The farmers are free to sell their crop for as much as they wish, but should the prices fall below a minimum level, the government is there to help them. MSP is a sovereign guarantee that the state...
More »Reform agriculture marketing systems to address farm distress -Sudipto Mundle
-Livemint.com The actual determination of MSP is driven by a ‘business as usual’ practice of incremental increases in line with past trend, combined with the political need for ‘look good’ optics The recent increase in the minimum support prices (MSP) for major kharif crops has reignited the debate about food price policy. Some analysts believe that the increase has been excessive, that it will push up inflation, both directly and also indirectly...
More »The wait for deep agricultural reforms -Siraj Hussain
-Livemint.com While there are several creditable achievements, it is the deeper structural reforms where expectations from a strong government have not been met Amidst expectations of a magical transformation of the Indian economy, the Narendra Modi government took over the reins in May 2014. During the election campaign, people were led to believe that the Gujarat model of agricultural development, which delivered 8% growth in agriculture during fiscal years 2003-14, would be...
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