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Why India needs a futures exchange for water? -Nilanjan Ghosh

-The Hindu Business Line The risk of water availability is a painful reality in south Asian agriculture including India. Any deviation from the monsoon causes problems for the farm community and poses threat to food security in the region. The variability in precipitation in India has actually increased in recent years. While comparing the variability of precipitation (given by standard deviation) between two phases, 1950-75 and 1976-2010, in two geographically dispersed districts...

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Farmers' suicides reflect the crisis in India's grain bowl -Gautam Dheer

-Deccan Herald Behind all the ostentation, glitz and glamour of the recently concluded mega ‘Progressive Agriculture Summit' in Punjab lies the harsh reality of farmer suicides and the burgeoning agrarian crisis that this border state reels under. A state government commissioned study conducted by three prominent universities in Punjab lay bare the magnitude of the crisis. On an average estimate, three persons committed suicide every two days in last one decade in...

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Food subsidy can fill poverty gap, twice-Puja Mehra

-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if Cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...

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India Grows Close to 270 Million Tonne Fruits and Vegetables

-Press Information Bureau (Ministry of Agriculture) With a production of 269 million tonnes in 2012-13, the horticulture sector has emerged as a major contributor to the food basket of the country. Horticulture production grew by more than 8% during the last decade. As compared to the production of 257 million tonnes in the previous year and 215 million tonnes about five years ago, there has been significant jump in the horticulture production,...

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National Food Security Act a landmark legislation, says IMF

-PTI WASHINGTON: The International Monetary Fund today described India's National Food Security Act as a landmark legislation which is an important effort to ensure that a majority of the population has access to adequate quantities of food at affordable prices. "The legislation is a landmark, representing the largest food security programme in the world, involving the distribution of subsidised grain to two-thirds of India's population of 1.2 billion," the IMF said in...

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