There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
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Need to make agri credit system equitable -Bishwa Bhaskar Choudhary
-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial banks and points towards the poor credit delivery capability of cooperative banks and regional rural banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...
More »We must break ‘lock-ins’ of water usage in agriculture -Anjali Neelakantan
-Livemint.com Just as much of today’s world is locked into fossil-fuel dependence, Indian farmers are in a trap of water-guzzling crop production that is not environmentally sustainable. The annual United Nations climate conference underway in Sharm el-Sheikh, Egypt, has entire days devoted to two crucial sectors that directly impact the lives of millions in India: agriculture and water. At a time of stagnant incomes and groundwater depletion, we must enable farmers to...
More »A year of extreme weather events has weighed heavy on India’s agricultural sector -Vivek Gupta
-India.mongabay.com * After the drop in wheat production due to heat waves, extreme weather events have now cast a shadow on rice production, which is likely to drop beyond centre’s initial 6% loss estimate. * In six years (2015-21), the country lost 33.9 million hectares of the cropped area due to floods and excess rains and 35 million hectares due to drought, which are likely to intensify as various studies predict. * Centre...
More »Agri Workers’ Tiny Wage Rise Wiped Out by Inflation -Subodh Varma
-Newsclick.in In the past five years, agri workers’ wage has increased by only about Rs.15 per year. For those leaders of the country who are tearing their hair trying to figure out how to get the economy moving, boost growth, increase investment and create jobs, it would be instructive to look at the plight of the largest economic class in the country – agricultural labourers. Numbering upward of 14 crore, they are...
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