Rattled by soaring food prices and falling farm productivity, the FM has announced a slew of measures to boost the farm sector and vowed to deepen the process of attracting more private investment in agriculture and agro-processing. He announced an increase in bank lending for farm sector as well as interest subsidy to farmers who pay short-term crop loans on time. "I propose to enhance additional subvention to 3% in 2011-12....

The United Nations Food and Agriculture Organization (FAO) said today that small seed enterprises are the best way of ensuring the availability and quality of non-hybrid seeds for food and animal feed crops in developing countries.In a newly-published policy guide, FAO cited World Bank data that showed that up to 50 per cent of crop yield increases come from improved seeds, while farmers’ access to quality seeds is a key...

Although rising food prices remain a critical concern, finance minister Pranab Mukherjee is counting on better supply management, improved output of pulses and rice, better access to rural credit and strengthening of existing agricultural schemes to bolster India’s farm output. The rural economy employs about 60% of India’s work force, contributes about 17% of gross domestic product, and is expected to post 5.4% growth over last year, according to advanced estimates...

Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...

The GoM to determine the norms for coalmine clearance in reserve forests, largely in tribal areas, and the parallel exercise to give back forest lands to tribals is not about the environment, but about forest policy. The divergence of interests between national use of forests, ecological balance and needs of local people should be recognised. However, the tribal affairs ministry is responsible for the Forest Rights Act and the coal...