While the government's recent clarification on the policy on foreign investment in wholesale trade is welcome, it needs to be complemented with a policy to empower our farmers to interact with modern, organised retail productively. Organised retail can catalyse a second green revolution in India when farmers become empowered to negotiate prices for their produce with retailers. The industry ministry's recent guidelines for wholesale trade, known as cash and carry,...

The Central budget of 2010-11 is a further step in the realisation of a vision of India vibrant with the income, wealth, saving, education and the entrepreneurial energy of the top 5-10 per cent of the population and the rest of Indians, serving that minority and surviving as barely literate, malnourished multitude.  With the accession of Rajiv Gandhi to power, a vision began to germinate. That vision was that of...

This is a budget crafted for, and perhaps by, the corporate farmer and AgriBusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....

The MoU is also intended to give a push to private investment in agriculture  The government last week quietly secured Cabinet approval for a new agreement with the United States that aims, inter alia, at promoting the privatisation of agricultural extension services and facilitating collaborations between American AgriBusiness and the Indian farm sector. The proposed Memorandum of Understanding with the U.S. on ‘Agriculture Cooperation and Food Security’ was approved on...

The controversy generated by Bt brinjal, the first genetically modified (GM) food crop, has thrown up several important issues concerning GM crops, the role of regulators and of global corporate interests in AgriBusiness. These related issues are as important as that pertaining to the safety of GM food. Firstly, the questions raised on different aspects of testing and risk evaluation have brought the technical competence of the Genetic Engineering Approval...