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Swaminathan MSP: Solution to Agrarian Crisis and Farmers’ Distress? -Ranjit Singh Ghuman

-Economic and Political Weekly Farmers' unions and political parties have been demanding the implementation of the Swaminathan minimum support price (cost plus 50%) to address agrarian crisis and farmers' distress. But they have not raised demands for the implementation of the recommendations of the National Commission on Farmers, which have the potential to provide lasting solutions. Ranjit Singh Ghuman (ghumanrs@yahoo.co.uk) is a Nehru SAIL Chair Professor, Centre for Research in Rural and...

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Forget Inflation Targeting -Prem Shankar Jha

-The Indian Express   It has only managed to kill manufacturing and employment growth    In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...

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Policy with a farmer’s face -Ashok Gulati

-The Indian Express It is necessary to rescue public policy from its elitist bias, bring agriculture to its centre There is seldom any Independence Day speech where the prime minister, from the ramparts of the Red Fort, does not thank the jawans and kisans for their heroic role in securing our borders and ensuring food security. This year is unlikely to be different. Recall Lal Bahadur Shastri’s famous slogan, “Jai Jawan,...

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Many degrees of hopelessness in India's villages -Harsh Mander

-Hindustan Times The picture of rural Indian life today that emerges from what is probably the world's largest study ever of household deprivation is sobering and sombre. It describes a massive hinterland still imprisoned in persisting endemic impoverishment, want, illiteracy and indeed hopelessness. It tells a story that every thinking and caring Indian must heed. Advocates of free markets, opposed to building a welfare state, have long argued that accelerated market-led economic...

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Did the number of farmer suicides really halve last year? -Sayantan Bera

-Livemint.com Change of definition behind fall rather than plan for bettering lot of poor farmers, improving agricultural economy New Delhi: Between 2013 and 2014, the number of farmer suicides halved. That’s what the National Crime Records Bureau (NCRB) which tracks farmer suicides would have us believe. It isn’t an improvement in India’s agricultural economy or a programme aimed at bettering the lot of poor farmers that has achieved this. Instead, it is a...

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