-The Financial Express At today’s prices, imports cost less than Indian grain Imagine the irony. India has 34 million tonnes of wheat stocks with the Food Corporation of India (FCI) already and another 3-4 million will get added to this by July 1, but the country is still importing wheat, albeit in very small quantities. By July 1, FCI’s wheat and rice stocks will cross 60 million tonnes as compared to the...
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Indian agriculture at cross roads: MS Swaminathan
-ANI Chennai: Indian agriculture is at the cross roads, Dr. M.S. Swaminathan, father of India's first Green Revolution, has warned. Lamenting on the state of Indian farmers, especially farmers with small land-holdings, Dr. Swaminathan said, "The market economy certainly is not friendly to small farmers. WTO regulations are also hindrance. Even in the United States which is the heartland of the free market economy, farmers are insulated from market shocks through heavy...
More »Enough cereals, but need to import oil, pulses: Centre to Supreme Court
-PTI NEW DELHI: The Centre has told the Supreme Court that though the country has become self sufficient in production of cereals, it is dependent on imports to bridge the gap between domestic production and demand of edible oil and pulses. Responding to a PIL on increasing farmer suicides in the country, the Ministry of Agriculture said in an affidavit, "India has not only ensured self-sufficiency in most of the agricultural crops...
More »Bursting the myths on Indian agriculture -Rakesh Rao
-Business Standard Though Indian agriculture has grown to be second largest globally, there are many myths and misconceptions. So, let's find the truth. Though the government over the past few years has been focusing on enhancing manufacturing sector's share to India's GDP, contribution of agriculture to the GDP continues to be higher than that of the manufacturing. India has in abundant four critical fundamental resources - light, land, water & labour. Contrary...
More »Against the grain -Harish Damodaran
-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
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