One of the most intriguing features of India's agrarian economy in recent years is the persistence of agrarian distress in many regions, even while agricultural credit flow has risen sharply. Rising flow of credit to agriculture is normally associated with buoyancy in the farm sector. A closer look at the data on agricultural credit reveals that what is termed agricultural credit may have very little to do with agriculture, the...

The NAC suggests steps to ensure food security, but its recommendation for ‘selective universalisation' of the PDS is criticised. INDIA is home to some 230 million undernourished people – that is, 27 per cent of all undernourished people in the world. Worse still, more than half of all child deaths in India are because of malnutrition, and over 1.5 million children in the country are at the risk of being malnourished...

Rs. 3,000 each awarded to 78 persons who had worked at three sites After a long struggle, 78 persons who had worked at three sites in Jharkhand under the National Rural Employment Guarantee Scheme, but had not been paid, have secured compensation for their ordeal. Deputy Labour Commissioner Mahendra Murmu awarded Rs. 3,000 per worker at a Labour Court here on Monday. This is seen as a breakthrough for the aggrieved workers,...

In an attempt to further subsidise short-term crop loan to farmers, the Union Cabinet on Friday approved release of Rs 4,868 crore to public sector banks. The decision will ensure that farmers, in general, receive short-term crop loan at 7% per annum (5% for prompt payers) with an upper limit of Rs 3 lakh on the principal amount during 2010-11. "The Union Cabinet today gave its approval for the release...

At a time when agriculture production has become key to economic expansion, the Union Cabinet on Friday will consider a proposal to fulfill its promise of crop loans at a cheaper rate of 5% to farmers who make timely repayment. In the current year's budget, finance minister Pranab Mukherjee had proposed to give up to 2% interest rate subvention to farmers who do not default on their repayments, making the...