-The Indian Express While tractor sales trebled during FY04-14, the last year saw a reversal in the trend with the agri industry facing multiple issues. If there is one indicator capturing the changes that took place in rural India over the past decade, along with the emerging signs of distress in the last year, it is the sales of tractors. Between 2003-04 and 2013-14, domestic tractor sales more than trebled from under...
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Rural stress affects farmers even in prosperous states -Mayank Mishra
-Business Standard Greater adoption of cash crops combined with a collapse in the prices of agri-commodities has led farmers to the brink in major agricultural areas According to the National Crime Record Bureau (NCRB) data, nearly 64 per cent of all farmer suicides in the country in 2013 took place in the four states of Maharashtra, Karnataka, Andhra Pradesh and Kerala, raising the question: why is rural stress resulting in farmer suicides...
More »Deepening agrarian crisis endangers food security
A recent press release from the Ministry of Agriculture shows that the area affected by recent rains and hailstorms is estimated to be 189.81 lakh hectares (on 24 April 2015), which is nearly double the total area affected that was earlier estimated on 16 April 2015. (See the link below). Experts argue that such extreme weather events may severely damage food economy of the nation, apart from breaking the spirit...
More »With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank
-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...
More »World Bank: NREGA, the only insurance for India
-The Hindu The World Bank said on Tuesday that the spike in ‘unmet demand’ for MGNREGA jobs is an indicator of increasing rural distress. Since the scheme is the only and therefore the best bet India has for mitigating the impact on the poor of the recent unseasonal rains, the government should take steps aimed at arresting delays in wage payments and the rising unmet demand for jobs. “If you are a...
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