More than two years have passed and there seems to be no progress worth speaking about in making the promised law that will guarantee food for the people. The promise came from the UPA-2 as part of its election manifesto in 2009. It was a time of recovery from a time of economic troubles. The impact of the global economic slowdown came on top of the agrarian crisis and the...
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Water, not debt, driving farmers to death
-DNA Water scarcity is the main reason behind the suicide of farmers according to an approach paper on the 12th Five Year Plan (2012 to 2017) prepared by two Tamil Nadu-based experts. According to the National Crime Records Bureau, one farmer commits suicide every 30 minutes. The main cause of these suicides is non-availability of water at the initial stage of the crops leading to the ruining of crops and the subsequent...
More »Crop holiday and food security by MS Swaminathan
August is usually the preferred month for family holidays in Europe, because of abundant sunshine and warm weather. In India, normally, this is the south-west monsoon season and a busy period for farmers. This year, however, several farm families in coastal Andhra Pradesh, the rice bowl of the country, are reported to have declared ‘crop holiday’. This is because the rice mills have not been lifting even last years’ crop....
More »Warehouse norms may lessen food inflation by Anirudh Laskar & PR Sanjai
The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...
More »Can Posco Cross the India Barrier? by Prince Mathews Thomas
The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...
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