-The Hindu Business Line A CAG report has laid bare the fact that rice millers have for decades reaped undue gains even as they failed to replenish the national food stock Much like rice spilling out of a tear in the sack, the country’s food procurement system has been leaking crores of rupees every year and impoverishing the government. Last week, in a report presented to Parliament the Comptroller & Auditor General (CAG)...

-The Hindu Business Line Yes, but it may not wholly make up for the drought-stricken kharif season Agriculture commodity supplies are erratic in India. They are more so now, due to a second consecutive year of below-normal monsoon, which has resulted in big setbacks to the kharif crop. Edelweiss Agri Research recently took up a nation-wide crop survey to estimate the sowing intentions for the upcoming rabi season. This, along with the...

-The Hindu Business Line A CAG audit shows that the Centre and State governments have been criminally remiss over disaster management The unprecedented and continuing rains that have broken a 100-year record and have wreaked havoc in Chennai for over a week, highlight both elaborate rescue and relief efforts as well as gaps in the existing policy on disaster planning. It is true that swift deployment of the armed forces to evacuate...

-Business Standard Indian farming was transformed after the mid-60s, on a wave of new agri technology and allied changes, but the costs of this model can no longer be ignored or its addressing be postponed It was around the mid-1960s when the Paddock brothers, the ‘prophets of doom’, predicted that in another decade, recurring famines and an acute shortage of foodgrain would push India towards disaster.   Their prophecy was based on a...

Agricultural insurance is supposed to protect farmers from financial hardships and risks when crop losses and damage takes place due to extreme weather events such as drought, cyclone, hailstorms, flood etc. However, in reality this does not hold true in India. Due to the failure of crop insurance schemes in India, there has been a deepening of agrarian crisis and rural distress in the recent times, particularly in the backdrop of...