The spurt in farm credit by commercial banks, including regional rural banks, has interestingly not led to any let-up in distress in the agrarian economy -- a mystery that continues to baffle academics, policy planners and, more recently, bankers Last week, a clutch of bankers and policy wonks gathered in Bangalore to review recent trends in farm credit. On the face of it, credit to the farm sector is on an...

Jawaharlal Nehru did a huge amount for education in India. He gave us the Indian Institutes of Technology (IITs), the Indian Institutes of Management (IIMs), the Indian Statistical Institute (ISI) and much else. Yet, for a man whose birthday is celebrated as Children's Day, he had relatively little to do with primary schooling. The first Five Year Plan allocated just about Rs 12 crore for investment in primary education, out...

'Food subsidy is a massive burden…if so much is spent on subsidies, what is left for development?' agriculture minister Sharad Pawar recently asked. It is a legitimate question that is on the minds of many but seldom gets asked for fear of appearing callous. Are we prematurely trying to be a welfare State? In the developed world, safety nets like food stamps are regarded as humanitarian obligations toward the poor....

-Live Mint   In an unprecedented move, farmers in East Godavari and adjoining districts of Andhra Pradesh declared a crop holiday last season, refusing to cultivate paddy in this fully irrigated region of the state. Farmers say the reason for this drastic step is that cultivating paddy has become unremunerative and they are left with no other choice. The agrarian crisis and its neglect by successive governments are responsible for the low...

-PTI   Admitting that the government is neglecting research in the farm sector, the agriculture ministry has sought more funds in the next Five Year Plan (2012-2017) for significant jump in foodgrain production. "I think, we are neglecting agricultural science. The amount of importance that we should be giving, we are not giving, though we have very good scientists," Basu said at an international agri-conference here. "We are decades behind in agriculture science as...