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Why India needs a futures exchange for water? -Nilanjan Ghosh

-The Hindu Business Line The risk of water availability is a painful reality in south Asian agriculture including India. Any deviation from the monsoon causes problems for the farm community and poses threat to food security in the region. The variability in precipitation in India has actually increased in recent years. While comparing the variability of precipitation (given by standard deviation) between two phases, 1950-75 and 1976-2010, in two geographically dispersed districts...

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The battle for water-Brahma Chellaney

-The Hindu With the era of cheap, bountiful water having been replaced by increasing supply-and-quality constraints, many international investors are beginning to view water as the new oil There is a popular, tongue-in-cheek saying in America - attributed to the writer Mark Twain, who lived through the early phase of the California Water Wars - that "whiskey is for drinking and water is for fighting over." It highlights the consequences, even if...

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MGNREGA: A tale of wasted efforts

-Live Mint The scheme represents Rs.2.3 trillion spent on wasteful rural consumption This week marked the eighth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the United Progressive Alliance (UPA) government's key rural intervention, launched in 200 districts initially in February 2006. To the extent that such populist schemes helped raise wages without raising productivity. They have contributed more to inflation than to rural wealth. Worse, such schemes have...

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NABARD paints a sordid picture of Madhya Pradesh's agriculture sector -Shashikant Trivedi

-The Business Standard This is happening especially with small and marginal farms Bhopal: In contrast to the tall claims of achieving double digit growth in agriculture sector National Bank for Agriculture and Rural Development (NABARD) today said agriculture in Madhya Pradesh is perceived to be increasingly unviable owing to yield and Price Risks as well as lack of risk mitigation mechanism. This is happening especially with small and marginal farms. Interestingly, government...

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WTO rules must address food security needs of developing countries –UN expert

-The United Nations A United Nations independent rights expert called today for policy changes that will allow developing countries the freedom to use their reserves to help secure the right to food without the threat of sanctions under current World Trade Organization (WTO) rules. "Trade rules must be shaped around the food security policies that developing countries need, rather than policies having to tiptoe around WTO rules," said Olivier De Schutter, Special...

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