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Clearing the air on LPG -Siddharth George & Arvind Subramanian

-The Indian Express Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent. Direct cash transfers have the potential to improve the economic lives of the poor by transferring benefits to households quickly and directly. Achieving these benefits requires thoughtful design of schemes, and careful, rigorous analysis of ongoing...

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Counterproductive Farm Policies -PSM Rao

-Outlook In the last two decades, more than 300,000 farmers have ended their lives. What can be done? Indian agriculture is important as it feeds an estimated 1.3 billion population of the country and is also burdened with the responsibility of providing livelihoods to 60 per cent of the people — 780 million people. No foreign country can produce this mammoth quantity of food and supply to India nor any sector...

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Social goods lead to public good -Ashok Varma

-The Hindu Business Line Higher social sector spending by the government boosts income and consumption, and spurs growth India’s economic growth is now much more closely linked to the state of the rural economy than it ever was. Sustaining a 7.5-per cent growth in GDP would be contingent on higher growth in rural household consumption. Rural expenditure grew 5.7 per cent annually during 2005-15 — against 5 per cent annual growth in the...

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Crop insurance is too returns-oriented -PSM Rao

-The Hindu Business Line Farmers’ incomes are too inadequate for actuarial premium rates to work for them The farm crisis in India continues unabated, proving all the governmental nostrums ineffective. Unfortunately, the new crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — recently cleared by the Union Cabinet, to be implemented from the kharif crop cycle beginning this June, too, is unlikely to bring in any significant relief to...

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Smaller farms, lack of jobs push farmers to move to cities

-Business Standard Looking at economics behind agricultural households, a survey notes that 68.3% of such households still relied on agriculture as primary source of income Rural distress is a known story but a survey by NSSO has revealed the alarming level of fragmentation in farmland and unavailability of jobs. As many as 69 per cent agricultural households own less than a hectare of farmland each, making farming unviable and forcing migration to...

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