-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
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Big push for organic tea in India -Roopak Goswami
-The Telegraph Guwahati: The Tea Board of India is giving a big push to organic tea production in the country for the first time by providing 25 per cent more subsidy than the normal subsidy of 30 per cent. This has for the first time been incorporated in the Twelfth Plan by the board to give a boost to organic tea, which has been gaining momentum in the country. Besides, it has a...
More »Modi government cuts social sector allocations to states by half to promote cooperative federalism
-The Economic Times BENGALURU: As the central government devolves more fiscal freedom to the states, they seem to be cutting allocations to social sectors, especially agriculture and allied areas in response, according to the initial findings of a study. The Narendra Modi administration wants to empower states further as part of a push toward cooperative federalism. Finance Minister Arun Jaitley's February budget cut allocations to the states by more than half in...
More »The weakest link - Ashok Gulati
-The Indian Express Among the Modi government’s many hits was one crucial miss — agriculture. The Narendra Modi sarkar’s performance in the first year has at least five major achievements and one major miss. To ensure that this neglect does not become its Achilles’ heel, the Modi sarkar will have to focus on and initiate reforms in this weakest link in the chain — agriculture. Else, it will not let the Indian...
More »Agriculture sector bleeds, thanks to flawed government plans -Iftikhar Gilani
-DNA India Constant decrease in investment on research and development blamed for carelessly conceived schemes A fishing project in the deserts of Rajasthan, cold storage facilities for bananas in Maharashtra's no-banana Pune district, milk coolers in Gujarat's Sagbara region where there is no milk production and no electricity either… Those are just some of the examples of carelessly conceived government schemes to bolster farm growth at a time share of the...
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