There’s both good news and bad news on the food front. The good news is that wheat, maize and pulses production during the current year will be the highest that India has seen. Wheat production was expected to be high, thanks to the twin advantages of a high Procurement Price —- higher than international prices —- and favourable weather conditions. But pulses production too has zoomed, because of the soaring prices in the...
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Excess supply leads to fall in onion prices; farmers protest
Onion prices continued to slide in the wholesale market at Gultekdi Market Yard on Monday due to excess supply of the commodity, prompting farmers to stage strong protest demanding higher Procurement Price by commission agents. Agriculture Produce Market Committee (APMC) The agitation started early in the morning and farmers disrupted supply of vegetables and other commodities to the wholesale market. They were called for a meeting by the commission agents...
More »Palaniappan Chidambaram, Indian Home Minister interviewed by Amol Sharma and Paul Beckett
Indian Home Minister Palaniappan Chidambaram is the nation's domestic security chief, overseeing a broad portfolio that includes battling a homegrown Maoist insurgency and routing out terrorists. The 65-year-old, a veteran of the ruling Congress Party who previously held senior economic posts and played a key role in the country's post-1991 liberalization, is considered a future contender for the post of prime minister. Recently, he spoke to The Wall Street Journal. Here...
More »Is the MNREGS Affecting Rural Wages? by Jayati Ghosh
There are many critics and sceptics with respect to the Mahatma Gandhi National Rural Employment Guarantee Scheme, which came into being because of political pressure that managed to overcome quite strenuous opposition from some of the most influential policy making circles. It is likely that much of this criticism is not really because of the declared reasons, like fiscal costs (which are thus far very little) and potential leakage. Rather,...
More »UP farmers reap a bitter harvest by Samarth Saran
Roza Mandi, the biggest grain/paddy market in Shahjahanpur distrtict of Uttar Pradesh, is always bustling with traders, farmers and mill owners. However, there is one spot in the market where there is not much activity. And that is the government procurement centre, where farmers are supposed to sell their crops. Amrish Tiwari, a farmer from Shahjahanpur, harvested 1,000 quintal of paddy crop this season. Considering he should have sold around 850...
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