-The Indian Express An income transfer policy combined with direct cash transfer is the best way to help the farmer Losses in the recent elections to the assemblies of Chhattisgarh, Madhya Pradesh and Rajasthan have given the BJP a jolt. The party had misjudged the gravity of the farm distress problem till then: The Union agriculture minister described farmer agitations as “political drama”. However, the party not only acknowledges the crisis...
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Government may sow big scheme to weed out farm distress -Deepshikha Sikarwar
-The Economic Times With the general election a few months away, the central government has begun crunching the numbers in preparation for a comprehensive programme to help farmers tide over challenges posed by a dip in prices and dwindling incomes. The government is keen on a more substantive intervention than a loan waiver at the central level to alleviate agrarian distress besides stepping up investments in the sector, having concluded that writing...
More »Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by M Rajshekhar (Scroll.in)
-Scroll.in The former Planning Commission member explains why the country needs to tread carefully on this idea. On January 1, when Indian news agency ANI asked Prime Minister Narendra Modi about the government’s plans to reduce agrarian distress, he said loan waivers do not work as a very small segment of farmers take loans from banks. “A majority of them take loans from money lenders,” said Modi. “When governments make such announcements,...
More »The safety net of the future -Pranab Bardhan
-The Indian Express Insecurity, more than poverty or indebtedness, is the key economic issue that politicians must address If social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. While most measures suggest that only around one-fifth of the population today is under the official poverty line, large sections of those even much above that line are subject to...
More »If you want to help farmers -Ashok Gulati & Prerna Terway
-The Indian Express Loan waivers are poll bait. What is needed is a structured and stable income support policy. The talk of the season on the farm front seems to be loan waivers. Farmer leaders are asking for it and those looking for power are ready to oblige. Newly elected chief ministers of Madhya Pradesh, Chhattisgarh and Rajasthan have all announced loan waivers within their promised time of 10 days. It...
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