-Livemint.com In summary, it is hard to escape the macroeconomic consequences of an agriculture shock, notwithstanding fluctuation-smoothing strategies The monsoon forecast, close on the heels of the Reserve Bank of India’s (RBI) monetary policy review, has turned all eyes to the farm sector. If the actual out-turn matches the India Meteorological Department’s (IMD) predictions — seasonal rainfall at 88% of the long-period average (LPA) for 2015 — it would be on...
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Jaitley says monsoon fears misplaced -Puja Mehra
-The Hindu ‘Its geographical distribution is what matters’ Union Finance Minister Arun Jaitley said here on Thursday that concerns about the impact of a deficient monsoon on the economy were “misplaced” and “far-fetched”. He told presspersons that conclusions were being made in an exaggerated manner after the India Meteorological Department forecast on Tuesday that rainfall would be only 88 per cent of the long-term average. “The speculation and analyses we have seen in the...
More »The Lie Of The Land -Pavithra S Rangan
-Outlook In MP’s Bundelkhand region, a sarpanch-babu nexus means NREGA benefits dry up for the poor The Paper Trail How social sector cuts are playing out in one of India’s poorest parts For the first time ever, in 2014, Rs 1,000 cr, of a sanctioned Rs 4,000 cr budget for NREGA, not given to MP In 2015, only a small part of the budget released for two months. NREGA top officials say funds always...
More »In India, a devastating harvest season for northern farmers puts lives at risk -Ritu Sharma
-UCANews.com Some farmers mull abandoning generations of farming for more reliable jobs Devinder Bhardwaj was hoping for a bumper crop on his modest four-acre (1.6 hectare) plot of land. The profits from selling his wheat in the market, he hoped, would provide a much-needed injection to his family’s savings. But this year, unseasonal rains and hailstorms washed away his plans. “The whole crop was under water due to the rains. Not even a...
More »The promised land -Christophe Jaffrelot
-The Indian Express Government’s insistence on acquisition is rooted in a rush to impose the Gujarat model on the rest of India. The development agenda of the Narendra Modi government implies industrialisation. The BJP’s 2014 mandate was indeed for job creation. The “neo-middle class”, which Modi defined when he was CM of Gujarat as made up of aspiring city dwellers who have just emerged from poverty, supported him more widely than the...
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