The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit...

This is the season to count blessings. India's greatest blessings are its adherence to the democratic system of governance, an independent judiciary, a free and fearless media, and an Election Commission that inspires confidence. I hope that soon India will have an independent and effective Lokpal, which will pave the way for a corruption-free India, a pre-requisite for a hunger-free India. The other major paradigm shift observed in recent years is...

Agriculture minister Sharad Pawar’s suggestion to ban Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) during farming season may not get government’s approval. Instead, the MGNREGA guidelines may be amended to increasing synergy between the world’s biggest social security scheme and agriculture sector to improve production. A set of green methodologies could be included in works allowed under the scheme. Pawar had written to Prime Minister on November 28 seeking the ban....

Union Minister for Rural Development Jairam Ramesh, in an article on left-wing extremism (“From Tirupati to Pashupati?” The Hindu , October 14, 2011), observed candidly: “It is not the naxals who have created the ground conditions ripe for their ideology — it is the singular failure of successive governments both in the States and the Centre.” There lay the main cause of the festering sore of naxalism, often characterised as left-wing...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...