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Wake up, smell the leakage -Ashok Gulati & Prerna Terway

-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...

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Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report

Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...

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Limited outreach of subsidised crop loan scheme among small & marginal farmers

The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...

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The vaults securing the future of food -Sayantan Bera and Nikita Mehta

-Livemint.com With global population set to hit 11 bn by 2100, gene banks are vital links in a chain of steps needed to avert hunger New Delhi: From the outside, the tapering building in classic brick red and cream standing by a quiet stretch of road in west Delhi has the unmistakable look of a government office block, an impression reinforced by its manicured lawns and the acronym NBPGR embossed at...

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EC takes up hate speech issues with parties

-The Hindu The Election Commission met representatives from national and regional parties on Saturday. The Election Commission met representatives from national and regional parties here on Saturday to discuss a range of issues ranging from the need to maintain a high level of conduct in election speeches to that of protecting the secrecy of how votes are cast at a particular booth. “Hate speeches” and personalised attacks in poll campaigns came up for...

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