-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...

-The Hindu The way forward may be to not rely only on dams, interlinked rivers, and borewell drilling — but to supplant these with effective water conservation, storage and groundwater recharge For the past one week, The Hindu has explored the multi-faceted crisis of water scarcity that has gripped India this summer, through a daily series titled ‘Last Drop’. The series sought to give our readers a comprehensive understanding of six critical...

-Livemint.com The efforts of the government in revamping the crop insurance and land titling schemes are long-term solutions which will take time to bear results The agricultural sector is facing its worst moment in the last three decades. The last time India saw such distress caused by back-to-back deficient rains was during the drought of 1986-87 and 1987-88. The severity of the situation is evident from the stories of migration and...

-Livemint.com The perception of a farmer as a ‘dumb peasant’ in public policy lies at the core of the agrarian crisis Last month, the agriculture ministry informed Parliament that 2,806 farmers committed suicide in 2015 due to “agrarian reasons”. The data further showed that the highest number of suicides were recorded in Maharashtra (1,841), followed by Punjab (449), Telangana (342), Karnataka (107) and Andhra Pradesh (58), among others. What is common to...

-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...