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India’s rural crisis, slowed farm growth may hurt 7.5% GDP dream -Zia Haq and Gaurav Choudhury

-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...

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Bad risks, fake pesticides stoke Punjab’s worst farm crisis in years -Zia Haq

-Hindustan Times In August this year, whiteflies -- a notorious pest -- bumbled through vast tracts of Punjab’s cotton fields, destroying a sizeable chunk of the crop in the state. These insects, which slurp on juicy, tender bolls, seemed to have inflicted heavy losses, sparking a serious farm crisis in India’s agricultural powerhouse in a decade. A back-to-back drought meant farmers grew more cotton, a hardy crop that requires less water to...

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Aadhaar-based fertilizer subsidy transfer in limbo -Saurabh Kumar

-Livemint.com Given condition of land records and problems in identifying actual beneficiaries, the task is gigantic, say analysts New Delhi: The Aadhaar-based direct benefit transfer (DBT) of fertilizer subsidies may not see the light of day anytime soon. “The roll-out of DBT in fertilizer will take some time because there are various hurdles,” said a government official, who is working on DBT. The official, who requested anonymity, said that “this is more challenging”...

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Poverty rate in India lowest among nations with poor population -Lalit K Jha

-Livemint.com/PTI According to a World Bank report, the number of people living in extreme poverty around the world is likely to fall to under 10% of the global population in 2015 Washington: India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said. According to the report,...

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Ramesh Chand, member of NITI Aayog and eminent agriculture economist, speaks to Sanjeeb Mukherjee

-Business Standard India’s growth in agriculture and allied activities has struggled to reach the targeted four per cent average a year in the first three years of the 12th five-year Plan because of a host of factors. The below-average farm growth is widely expected to deepen the crisis in the farm sector. In an interview with Sanjeeb Mukherjee, newly-appointed member of NITI Aayog and eminent agriculture economist Ramesh Chand  said over-reliance...

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