Non availability of timely credit has been a major drawback for the agricultural sector of India. In a country which relies mostly on agriculture, constant endeavors are needed to see that rural and agricultural credit facilities are enhanced with time. As a part of these efforts, agricultural credit cards got introduced in the agricultural lending system. Similarly cash credit facility was also being offered by many banks. However, a major shortfall...

The 50-year-old farmer knew from experience that his onion crop was doomed when torrential rains pounded his fields throughout September, a month when the Indian monsoon normally peters out. For lack of modern agricultural systems in this part of rural India, his land does not have adequate drainage trenches, and he has no safe, dry place to store onions. The farmer, Arun Namder Talele, said he lost 70 percent of...

THE WORLD BANK IN INDIA - Undermining Sovereignty, Distorting Development: Edited by Michele Kelley, Deepika D'Souza; Orient Blackswan, 3-6-752, Himayatnagar, Hyderabad-500029. Rs. 895. This book is a collection of essays covering an array of economic issues ranging from agriculture, poverty, food security, power, water, to governance, environment impact and sustainability of growth, and the impact of the World Bank on them. Even a cursory reading would show that it is a...

Prime Minister Manmohan Singh's observation that enforcement of environmental regulatory standards should not lead to a throwback to the days of the licence-permit raj strikes a jarring note in an era of enlightened, science-based conservation. By projecting regulation as a threat to economic development, he has brought needless pressure to bear on the nascent efforts of Minister Jairam Ramesh to bring accountability and transparency to the Ministry of Environment and...

Even as the Centre is mulling over allowing Foreign Direct Investment (FDI) in the retail sector, Union Agriculture and Food Processing Minister Sharad Pawar on Wednesday categorically ruled out the possibility of FDI in farming. “FDI in agriculture is not required. We have about 82-86 per cent farmers whose land-holding is below two hectares. In this type of a situation where the land-holding is small, we should not think of encouraging...