At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

-The Hindu Business Line   The Rural Development Minister, Mr Jairam Ramesh's proposal to amend the law on minimum wages to permit a lower wage for employment under the rural jobs scheme (Mahatma Gandhi National Rural Employment Guarantee Act or MGNREGA) makes practical sense. The Karnataka High Court ruled recently that wages set under MGNREGA cannot be independent of the MWA. Effectively, it means there can be no such thing as an...

-The Business Standard   It is not often that the government accepts the report of a committee promptly without detailed scrutiny. But an exception has been made – and with good reasons – in respect of the report of the task force on reforming the public distribution system (PDS). The committee, headed by Unique Identification Authority of India Chairman Nandan Nilekani, has made several valuable recommendations that can cure some of the...

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

Poverty lines have been in the news again. This round started when a Planning Commission affidavit to the Supreme Court placing the poverty line at Rs 26 per capita per day (rural), Rs 32 (urban), raised a furore over the use of these to set a cap on the percentage of the population covered by the food security Bill. Since then, the pendulum has swung to the other extreme. The latest...