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Farmers' suicides reflective of death of rural banking by G Arun Kumar

Since the beginning of December last, 220 tenant farmers in the state have committed suicide or died of shock, crushed by mounting debts and loss of crops. Overall, the farmer death toll stands at a staggering 350-400. Though the fickle weather wreaked havoc, experts believe it's only partly to blame as several other factors have worked against the farming community. While economic expansion continues to bypass the farming community leaving...

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Rains drown India’s crop estimates, stoke inflation by S Sujatha & Jayashree Bhosale

From onions, sugar and coconuts, to tea, pulses, rice and spices, all kitchen ingredients will remain expensive in the New Year as unseasonal rains beyond the monsoon wipe out India’s major crops. Worse, rains are hampering the sowing of winter wheat, coarse grains and oilseeds, putting further pressure on food inflation that touched a two-and-a-half month high at 14.44% on Thursday. Across the country, farmers are helplessly watching their fields turn into...

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Speculators at work by Alok Ray

If the price rise is due to production shortfall, how does one explain the near doubling of the price within a few days? The sharply rising onion prices have raised the suspicion that speculators are manipulating a shortage situation. First, a few facts. In retail markets, onion prices have soared from Rs 10-11 per kg in June to as high as Rs 70-80 on Dec 21. Even more significantly, prices zoomed by...

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NABARD delaying talks on panel report: Sudhakaran

Says the bank has also stopped refinancing farm loans Says no NABARD official has visited his office in a year Criticises Milma for deposits in a private bank Cooperation Minister G. Sudhakaran said here on Monday that the National Bank for Agriculture and Rural Development (NABARD) had not been taking the initiative to hold discussions on implementing the Vaidyanathan committee report on cooperative sector reforms and had stopped refinancing farm loans in the...

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Plan to assess climate change impact on crop

The government has approved Rs 350 crore scheme to study impact of climate change on agriculture and reduce production losses. Approved by the Cabinet Committee on Economic Affairs, the main objective of new plan scheme ‘National Initiative on Climate Resilient Agriculture’ is to assess impact of climate change on agriculture and allied sectors in the country and evolve cost-effective adaptation and mitigation strategies. The scheme will be implemented in the remaining part...

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