-The Business Standard Against NDA's 75 million target, UPA added 61 million in 2013-14 The government's financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana, is an empty shell at the moment. The government heralded its achievement of clocking 15 million new bank accounts under the scheme by Thursday and looked ahead to the target of achieving 75 million accounts by January 2015. In fact, given that the UPA government added an additional 60.9...
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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »The Green Revolution is erroneous? -Boro Baski
-Deccan Herald The Green Revolution has changed life in Indian villages, but the main beneficiaries were the landlords. Daily labourers remain poor and marginalised. The limits of using ever more fertiliser and pesticides are becoming apparent. Many farmers are confused because extension services want them to reconsider practices they were told to abandon not that long ago. A member of the Santal tribe, an Adivasi community, assesses things from the village perspective. Since independence...
More »The US probe of rice trade won’t yield much -Tejinder Narang
-The Financial Express Global rice trade doesn't operate on market principles. Rather, it is guided by politics, vested interests and weather Rice is a political commodity. Governments all over the world maintain regimentation on rice production and trade through price controls and subsidisation, tariffs, phytosanitary and environmental safety standards-sometimes in a whimsical manner. On July 6, the United States International Trade Commission (USITC) notified investigations (to be completed by April 2015) on...
More »Breaking the yoke-Vishwanath Kulkarni
-The Hindu Business Line Technology is transforming Indian agriculture and increasing output. This is good news, given that India may need to produce 90 million tonnes of foodgrain annually by 2030 to feed its growing population, says Vishwanath Kulkarni Jitendra, a prosperous farmer from Machrauli in Haryana, had barely hired a combine to harvest wheat on his 10-acre plot when clouds started building up. The weather office had predicted rains over the...
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