-PTI India’s index of industrial production contracted by 0.7 per cent in August, the second month in a row that it has remained in negative territory, following a slump in manufacturing, mining and capitals goods segments. Factory output as measured by movement in the IIP had slipped to an eight-month low of (-)2.49 (revised) in July on account of declining output in manufacturing and capital goods sectors. The IIP slump in August is...
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Agriculture economics: The next big farm solution - cutting production costs -Harish Damodaran
-The Indian Express In a scenario of depressed crop prices, a unique PPP model in milk shows the way out. Coimbatore: For roughly a decade from 2004-05 to 2013-14, Indian farmers experienced rising incomes from higher crop prices year after year — something they pretty much took for granted. That party ended with the crash in global commodity prices, hitting agricultural exports hard and translating into lower farm-gate realisations for most crops. But...
More »The salience of the Singur verdict -Suhrith Parthasarathy
-The Hindu A more progressive Central law on land acquisition is now in place, but several States have already either amended the new law or enacted legislation of their own. On August 31, the Supreme Court in Kedar Nath Yadav v. State of West Bengal delivered one of the most momentous decisions of the year. It invalidated the expropriation of land in Singur by the erstwhile Left Front government in Bengal, and...
More »The battle over Bt cotton -Shamnad Basheer
-The Hindu While Monsanto and Indian seed companies spar, more worrying is the confused lawmaking underpinning regulation of patents Genetically Modified Organisms (GMOs) breed controversy like no other. Little wonder then that Monsanto’s much-maligned Bt cotton has spawned the mother of all intellectual property (IP) disputes in India, involving at least 15 different proceedings in various courts, government agencies and tribunals at last count. Most proceedings appear to have come at the behest...
More »The organic farming conundrum -Sathya Raghu V Mokkapati
-The Hindu Without doubt, India needs to go forward with bio-safe agricultural practices, but the farmers need to be helped to make them sustainable Reshma religiously mixes cow dung and manure in the soil in her farm, hoping for a better yield at least this time around. Reshma is a 22-year old smallholder farmer in a village outside Hyderabad. She is a part of the growing army of farmers in India who...
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