-The Financial Express It is clear from global experience that crop insurance is not economically viable and, in a country like India which is dominated by small landholders, it does not even seem to be feasible The demand for crop insurance stems from two ‘risky’ situations that often erode farmers’ income and make them vulnerable to economic distress. These include unpredictable weather and volatile prices. Although vulnerability of Indian agriculture on weather-related...
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Farm prices panel for efficient water use -Vishwanath Kulkarni
-The Hindu Business Line Calls for restructuring Nafed for effective procurement of pulses, oilseeds Bengaluru: The Commission for Agricultural Costs and Prices (CACP) has made a pitch for encouraging water use efficiency in agriculture. As part of its non-price policy recommendations for kharif 2015-16, the crop advisory body has suggested that States fix quantitative ceilings on per hectare use of both water and electricity. The Farm Sector accounts for about 83 per cent...
More »Think tank report hints at diversion of cheap farm loans -Puja Mehra
-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on Farm Sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
More »Cutting the Food Act to the bone -Biraj Patnaik
-The Hindu Two years after vociferously arguing for an expansion of the provisions of the National Food Security Act, the BJP in government is bleeding it with a thousand cuts, both fiscal and otherwise When Parliament passed the National Food Security Act (NFSA) in 2013, it had already become one of the most debated pieces of legislation in decades. Those for and against it had fought it out across yards of space...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
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