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Crop prices and farmers' unrest -CP Chandrasekhar and Jayati Ghosh

-The Hindu Business line Distressed farmers are demanding loan waivers, but that should not deflect focus from what needs to be done and undone to address the root cause of the agrarian crisis The farmers’ unrest across the country, and particularly across several BJP-ruled States, appears to have caught the central government by surprise. But it should really not have done so. Ever since candidate Narendra Modi in 2014 promised the farmers...

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Alone, with the mounting loan -Tomojit Basu

-The Hindu Business Line   Farmers across Uttar Pradesh and Punjab lament weather woes and lack of social security Consumers may be bracing themselves for rising prices of vegetables and fruits, but the unseasonal heavy showers and hailstorms through the first half of March have already dealt a significant blow to farmers across much of the northern, central and western belts. Agriculture Ministry estimates earlier this week showed that Rabi crops in about 181...

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Revisiting rural indebtedness - CP Chandrasekhar

-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

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Economists on the Wrong Foot: a critique of Jagdish Bhagwati and Amartya Sen-Ashish Kothari and Aseem Shrivastava

-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...

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The deep water crisis -P Sainath

-The Hindu Hard-working rig-operators are providing a real response to a very real demand from farmers, but with grave consequences for groundwater supplies No other town can boast as deep a connection with the rest of the country as this little one in Tamil Nadu. Machines from here have struck great depths in most Indian States (and in many African countries as well). Tiruchengode is the nation's borewell rig capital and thousands...

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