-The Economic Times NEW DELHI: As sowing picks up across the country, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved increasing the minimum support prices (MSP) of kharif crops for 2013-14 crop year (July-June). The increase is expected to boost the sowing of paddy, cotton, oilseeds like soybean, millets and pulses crop in the country. On the basis of recommendations given by Commission for Agricultural Costs and Prices (CACP),...
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An Agricultural Nightmare -Deepak Gopinath
-Outlook India has long been the sleeping giant of global agriculture. But its misguided policies while boosting short-term output, yet may transform India into a food importer After decades on the sidelines of international agricultural trade, India was poised last year to become a major food supplier, overtaking traditional exporters of food grain and meat. This could prove to be flash in the pan. The sudden rise and fall of India...
More »Agriculture vs technology -Deepak Pental
-The Indian Express No country has ever achieved prosperity without engaging with science and technology (S&T). The ascent of the West and its global domination owes much to its prowess in S&T. In Asia, Japan and South Korea and more recently China have taken the highway to prosperity by mastering technology and effectively dealing with complexity. Chinese economist Justin Yufi Lin in his book The Quest for Prosperity has argued that...
More »Economic Survey 2013: Indian agriculture largely a success story
-The Economic Times It is consoling that despite a deficit of 8% in south-west rainfall during 2012-13 compared to its long period average (LPA), agriculture's contribution to GDP growth is likely to be around 1.8%. It is also good news that the revised figure of agri-GDP for the 11th Plan as a whole is 3.6%, up from 3.3% estimated earlier. Gross capital formation in agriculture as a percentage of agri-GDP has almost...
More »Budget 2013: Agriculture Ministry seeks more fund allocation to push output
-The Economic Times The agriculture ministry is seeking more budgetary support to increase farm sector growth rate to 4% per annum from 3.5% at present. "The allocation this year would be more as the country needs to produce more to provide food security to the nation," an agriculture ministry official said. "The scheme 'Bringing Green Revolution in Eastern India' has done well with increased funds of Rs 1,000 crore. We expect more...
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