-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the global economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the global economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...
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Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
More »India has enough land for farming but there are other bigger issues to worry about -Vivek Kaul
-FirstPost.com One of the fears that has been raised in the aftermath of the government promulgating an ordinance to amend the Land Acquisition Act is that land will be taken away for other purposes and given that, the amount of land used for farming will come down dramatically. This is a very specious argument that is being made. Data from World Bank shows that around 60.3 percent of India's land area is...
More »Organic Farming in India Points the Way to Sustainable Agriculture -Jency Samuel
-IPS News NAGAPATNAM, India - Standing amidst his lush green paddy fields in Nagapatnam, a coastal district in the southern Indian state of Tamil Nadu, a farmer named Ramajayam remembers how a single wave changed his entire life. The simple farmer was one of thousands whose agricultural lands were destroyed by the 2004 Asian tsunami, as massive volumes of saltwater and metre-high piles of sea slush inundated these fertile fields in the...
More »Internal NREGA note blames Nitin Gadkari, then does a rewrite -Ruhi Tewari
-The Indian Express The Ministry of Rural Development seems undecided on whether to blame former Minister Nitin Gadkari or the media for some of the problems with the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). An internal note of the Ministry - prepared ahead of a Performance Review Committee meeting this month - blamed Gadkari for contributing to delays in the payment of wages under the scheme. Soon after...
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