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New green revolution: Producer companies help farmers reap profits by Nidhi Nath Srinivas

Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns.  By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...

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A tale of three islands

-The Economist   The world’s population will reach 7 billion at the end of October. Don’t panic IN 1950 the whole population of the earth—2.5 billion—could have squeezed, shoulder to shoulder, onto the Isle of Wight, a 381-square-kilometre rock off southern England. By 1968 John Brunner, a British novelist, observed that the earth’s people—by then 3.5 billion—would have required the Isle of Man, 572 square kilometres in the Irish Sea, for its standing...

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Ethics & economics

-The Indian Express   There was a bitter argument over the provisional poverty line put out by the Planning Commission in an affidavit to the Supreme Court, which drew the line at Rs 32 per capita per day in urban areas and Rs 26 per person in rural areas. The Planning Commission has now “clarified” its position. While the Tendulkar Committee line will remain a point of reference, various welfare entitlements will...

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India needs to curb food wastage to tackle inflation: World Bank

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

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No TDS on compensation for farmland, clarifies government by Devika Banerji & Deepshikha Sikarwar

Farmers will not have to cough up any tax upfront on the compensation money they receive for their land acquired by the government. The rural development ministry has clarified after complaints that in absence of clear rules the harshest provisions were being imposed. "We have issued orders that all compensation money for agricultural land acquisitions in both urban and rural areas should be made without any deductions," said an official in...

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