-Outlook Good monsoon or bad, glut or drought, boom or bust...it’s always fair weather for the range of middlemen who come between the farmer and consumer. An anatomy of the trade. One of the axioms of logic is called the Law of the Excluded Middle. Something has to be either true or false—there’s no middle ground. As we all know, economics works a bit differently. Facts can be fickle, data pliable, and...
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Niti Aayog vindicates UPA's claims on poverty alleviation -Pranav Mukul
-The Indian Express The Niti Aayog's report, submitted before the United Nations, acknowledges that anti-poverty programmes like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) helped weaker sections of the society. Vindicating the UPA government’s stand on pulling people out of poverty, India’s Voluntary National Review Report on the implementation of Sustainable Development Goals to the United Nations has said that sustained growth of 8.3 per cent from 2004-05 to 2011-12,...
More »Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
More »Data in the post truth era -Prabhat Patnaik
-The Telegraph The Narendra Modi government's record in tacitly supporting the actions of a bunch of vigilante thugs who have been terrorizing the country, especially the Muslims and the Dalits, in the guise of gau rakshaks, or opponents of love jihad, or 'nationalists', has been so outrageous that it has grabbed all the critical attention. In the process, the government's abysmal failures in other spheres have gone virtually unnoticed. One such...
More »Crop insurance and the agrarian crisis in India -Sobhesh Kumar Agarwalla and Samir K Barua
-Livemint.com Crop insurance has failed to provide much-needed relief to farmers from destitution With one farmer committing suicide every half-an-hour, the number of farmers who have ended their lives as per official records in India is estimated at over 300,000 over the past two decades. These numbers do not include suicides by agricultural labourers, though they too are victims of the agrarian crisis. As each death affects at least the immediate family...
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