-The Economic Times The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. "The allocation this year would be more as the country needs to produce more to provide food security to the nation," an agriculture ministry official said. "The scheme 'Bringing Green Revolution in Eastern India' has done well with increased funds of Rs 1,000 crore. We expect more...
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Bloodied pulses-Sreelatha Menon
-The Business Standard Indian plantations bloom in Ethiopia at the cost of the livelihoods and homes of the tribals If there is “blood diamond”, there is also such a thing as “blood maize”, “blood soya” and “blood pulses”. These come all the way from plantations in Ethiopia and other countries with repressive regimes. India, which claims to shun blood diamonds coming from African mines that use slave labour, is enthusiastically backing exploitation of...
More »Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur
-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller...
More »Agroforestry crucial to ensure food security of millions, says UN agency
-The United Nations The United Nations Food and Agriculture Organization (FAO) today called on countries to boost efforts to promote agroforestry, a practice involving the combination of trees with crop or livestock production, stressing it can help millions of people escape poverty and prevent environmental degradation, making it crucial to ensure food security in the future. “In many countries the potential of agroforestry to enrich farmers, communities and industry has not been...
More »How To Waive Crores Goodbye -Lola Nayar and Panini Anand
-Outlook UPA’s populist trumpcard of 2008—the farm loan waiver—has fallen short of its intended target, as a CAG audit throws up The Scheme 2008 Union finance minister P. Chidambaram announces farmer debt waiver and relief scheme in budget; PM Manmohan Singh writes to beneficiaries “seeking their support” Rs 52,275 cr Total money that was disbursed to eligible farmers across the nation as part of loan waiver scheme Rs 50,000 The loan...
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