-Frontline If Budget 2015 is any indication, the Modi government is going beyond what could be called benign neglect of agriculture to policy moves that are likely to harm its viability. IT is scarcely surprising that farmers are upset with the Narendra Modi government. Indeed, the rosy dreams created by that famous campaign advertisement of the Bharatiya Janata Party (BJP), when farmers spoke of the high crop prices and better cultivation conditions...
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Goa's Mining Logjam -Pamela D’Mello
-Economic and Political Weekly The stage is all set for the resumption of iron ore mining in Goa after it was suspended in the state in 2012, to curb its indiscriminate and illegal mining. The Goa government's decision to renew the mining leases comes at a time when the economics of iron ore mining have changed and environmental concerns have gained more prominence. Pamela D'Mello (dmello.pamela@gmail.com) is a Goa-based journalist. The state government...
More »Highlights of Economic Survey 2014-15
-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
More »Food insecurity -TK Rajalakshmi
-Frontline A critique of the report of the high-level committee on restructuring the FCI and reviewing its role by TK Rajalakshmi SOON after assuming power at the Centre, Narendra Modi's National Democratic Alliance government set up a high-level committee on re-structuring the Food Corporation of India that was mandated to make the food management system more efficient. It was headed by Shanta Kumar, former Union Minister for Rural Development and former Chief...
More »Minimum support price cannot be 50% more than cost of produce, Centre to SC -Dhananjay Mahapatra
-The Times of India NEW DELHI: Farmers' plight has worsened due to the non-remunerative nature of agriculture but the Centre on Friday told the Supreme Court that it would not be able to enhance the minimum support price (MSP) for agricultural produce to be 50% more than the input cost. A PIL filed by Consortium of Indian Farmers Association had complained that agriculture had become non-remunerative and was driving farmers to borrow...
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