-PTI NEW DELHI: Emphasising that ample credit to the tune of Rs 7 lakh crore flows in the agricultural sector every year, the government today said it is taking "speedy" measures to help farmers who are grappling with debt burden. "We will not let down our farmers," Minister of State for Finance Jayant Sinha told Lok Sabha during Question Hour. He said many steps have been taken to reduce debt burden as...
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Farm Debt Curse Continues: NSSO
The agrarian crisis is far from over. Amidst news of farmers' suicide reported from parts of Telangana, Andhra Pradesh and Maharashtra, an official document released in December by the National Sample Survey Organisation states that nearly 52% of India's agricultural households were indebted during July, 2012 - June, 2013. The average amount of outstanding loan per agricultural household in India was Rs. 47000 (see link below). Based on a survey of...
More »Where are the jobs? -Devinder Sharma
-DNA It's a misconception that high economic growth translates into employment A recent report prepared by the consultancy firm PricewaterhouseCoopers for the Confederation of Indian Industry (CII) harps on the usual premise of boosting economic growth as the basis for job creation. Accordingly, it will still take 20 years to remove unemployment even if India grows at an annual growth rate of 9 per cent. This is exactly what we were...
More »Toxic veggies: Govt plans safe farming -Zia Haq
-The Hindustan Times The government is planning a "grow safe food campaign" that could entail new policy initiatives on pesticide use and an awareness drive among farmers in the wake of a study that shows at least 2% of commonly consumed fruits and vegetables could be poisonous. The government-sponsored study, ‘Monitoring of Pesticide Residues at National Level', continuously tracked pesticide use between April 2009 and March 2013 for possible presence of organo-chlorine,...
More »In the greater scheme of things -Rohini Somanathan
-The Indian Express Recent announcements on possible changes to the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and restrictions on its coverage are baffling and worrisome. The passing of the MGNREGA and the Right to Information Act heralded a new vision of citizenship and state responsibility. The former created a safety net for the rural poor. The latter gave taxpayers and voters an opportunity to bridge the gap between state...
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