-The Telegraph The Bengal government could find it difficult to reach its target of procuring 20 lakh tonnes of rice this year because of a lack of storage space. Its ability to raise storage capacity too could be hobbled by lack of investor interest in setting up warehouses in Bengal, and a mismatch between the tender rates acceptable to the state and the Centre. “We’ve a target of procuring 20 lakh MT (metric...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...

With regional disparities, the target of four per cent agricultural growth remains elusive The importance of agriculture in the Indian economy becomes quite clear just before the monsoons. Though other sectors contribute a greater share to the national income, more than three quarters of India’s rural population is still dependent on agriculture as the primary driver of income. India has come a long way from an era of vulnerability to food shortages...

-The Economic Times Rains in the last few days across the country excluding the southern peninsula have affected the standing wheat crop. Harvesting has already been delayed by a fortnight in Punjab, the wheat bowl of the country. State governments are advising farmers not to bring the moisture-laden wheat to market yards for sale.  "At isolated places, there are instances of water-logging. It will not impact production with harvesting at its peak...

As a preventive measure to avoid the recurrence of an NRHM-type scam, the government has worked out an IT-enabled near real-time monitoring network system to keep an eye not only on the fund flow from the Centre to the lowest level but also the physical outcome of expenditure on various Central social sector schemes. The new setup, to be rolled out across India in the next five years, is called the...