-The New Indian Express If a government survey report is to be believed, an agricultural household harvests a debt of Rs 3,000 every month, forget about making money to sustain itself. The agricultural household 70th round survey of National Sample Survey Office conducted during July 2012 and June 2013 has revealed that the total income of an agricultural household per month was just Rs 6,426. On the other hand, the total...
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Tackling poverty in India: Jobs, not transfers, the big poverty-buster -Carlos Felipe Balcazar, Sonalde Desai, Rinku Murgai and Ambar Narayan
-The Indian Express Between 2005 and 2012, structural changes drove poverty reduction — non-agricultural incomes rose the fastest, and the largest shifts from farm to salaried non-farm employment were seen among the poorest. The significant shift from farm work to non-farm sources of income accelerated the decline in poverty in India. Non-farm jobs pay more than agricultural labour, and incomes from both were propelled by a steep rise in wages for rural...
More »The best way to welfare -Abhijit V Banerjee
-The Indian Express Swiss voted against the idea of a Universal Basic Income. But the debate continues We in India tend to associate Switzerland with fresh-faced girls in dirndls on a beautiful hillside, or with a cabal of silent bankers, but it is in fact a much more interesting country than those clichés might imply. For one, they decide on policy by referendums — if a hundred thousand Swiss sign up to...
More »Chained to debt in life and death -A Narayanamoorthy and P Alli
-The Hindu Business Line The only way this story of the Indian farmer will change is if policymakers ensure better remuneration for them The peasant (in India) is born in debt, lives in debt, dies in debt and bequeaths debt. This is what Sir Malcolm Darling, a famous British researcher and writer, wrote in 1925 after studying the condition of undivided Punjab’s peasants. Had Darling been alive today he would have rephrased his...
More »India needs sound policy to battle weather shocks
-Hindustan Times About 330 million people are affected by drought in 10 states as 256 districts reel from severe water shortages and poor farmers suffer crop losses. The current dry spell is partly because of two back-to-back years of bad monsoons. Policy makers have no control over fickle weather whims. As credit rating and research agency Crisil points out, the rising frequency of weather shocks amid higher vulnerabilities has compounded agrarian...
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