While Punjab remains, in popular perception, the land of plenty, a group of economists at Punjab Agriculture University (PAU) has revealed that the picture isn't rosy at all — in fact it's grim. Rural indebtedness has touched Rs 35,000 crore and, worse, 3,000 debt-ridden farmers have committed suicide in the last eight years. Economists are also relating the suicides with high illiteracy among the poor farmers and say Punjab needs...

During the last 10 days two land acquisition notifications have been set aside. The Punjab and Haryana High Court (HC) has quashed a Haryana government’s 2002 notification for inappropriately releasing land to private developers. Similarly, the Allahabad High Court has repealed a UP government’s notification under which land was acquired for a private project in 2005. Both notifications have been cancelled on account of procedural lapses. However, these rulings highlight...

The current food inflation is a result of food output growth not keeping pace with population growth Few recall that, just last month, there was a food security summit in Rome. In sharp contrast to the almost overwhelming coverage of the Copenhagen climate summit, it attracted far lesser attention from the heads of governments, as also from the media. This is somewhat strange as a food (and water) crisis can hit...

Stocks exceed the buffer norm despite dip in production ‘FCI machinery should be geared up’ The Union government on Wednesday ruled out the likelihood of rice imports on its account, as stocks were more than the buffer norm despite an expected dip in production due to drought in the kharif season. Speaking to journalists on the sidelines of the annual general meeting of the Indian Council of Agriculture Research, Union Agriculture and Food...

While the government may have got reprieve with the fair and remunerative price, the mills are expected to move the courts On October 21, the Central government came out with an ordinance that it will henceforth announce a fair and remunerative price for sugarcane, instead of the statutory minimum price. Millions of farmers across the country grow sugarcane which they sell to sugar mills. To make sure that prices don’t tank...