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A subsidy and some questions

-The Hindu The Central government’s decision this week to extend the interest subvention scheme on bank loans given to land-owning farmers at 7 per cent is essentially a welcome move. This is especially so in a context where there is no real clarity on how the current monsoon will turn out to be, running at a deficit of 7 per cent as it does currently. With an additional subvention component of...

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Cutting the Food Act to the bone -Biraj Patnaik

-The Hindu Two years after vociferously arguing for an expansion of the provisions of the National Food Security Act, the BJP in government is bleeding it with a thousand cuts, both fiscal and otherwise When Parliament passed the National Food Security Act (NFSA) in 2013, it had already become one of the most debated pieces of legislation in decades. Those for and against it had fought it out across yards of space...

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Corridors of power: The Great Indian monsoon circus -Santosh Tiwari

-The Financial Express The NITI Aayog must firm up a concrete plan involving the states to deal with monsoon deficiency to avoid all-round confusion. This is an old and oft-repeated story in the media, but worth mentioning here for the readers who have missed it. It goes like this. During the period of erstwhile Planning Commission, one of the officials in-charge of projecting agricultural growth found out an innovative way to do...

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Monsoon in India: Rain deficit to hit several crops -Banikinkar Pattanayak

-The Financial Express The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon. The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon and denied an impending distress in the vulnerable pockets of the country, but a dispassionate look at the ground situation would show there...

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'On time' prediction for India's monsoon season -Richard Angwin

-Al Jazeera The country's summer rains are due to start on June 1, but they may still leave some farmers disappointed. India’s monsoon rains, upon which the country relies so heavily, are expected to arrive "on time" according to the country’s Meteorological Department (IMD). The arrival of the summer monsoon is monitored very closely in India. Agriculture accounts for 15 percent of gross domestic product (GDP), and it employs some 60 percent of...

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