The policy is to promote specific high-value segments within agriculture, where corporate houses have major profit interests. A COMMON compliment that Pranab Mukherjee's Union Budget for 2011-12 received from the media was its proclaimed “friendliness” to agriculture and rural areas. It was not just the media; members of India Inc. welcomed the Budget as “focussed” on agriculture. However, a close look at the Budget estimates reveals a different picture. Public...

Ashok Gehlot's Budget speech lays emphasis on social welfare measures Chief Minister Ashok Gehlot's Budget speech in the Rajasthan Assembly here on Wednesday laid emphasis on “positive results” of the State Government's work during the previous year for development of various sectors, and made a number of announcements for the welfare of different sections of society. In a significant declaration, Mr. Gehlot said a State-level Advisory Council would be constituted shortly in...

During a recent trip to a rural part of western India to report on rising food prices, I met two kinds of farmers — those with access to irrigation and those without. The differences between the two were stark. Those with drip irrigation or sprinklers invariably were reaping rich harvests and profits. But the vast majority of India’s farmers fall in the second camp: they water their crops by flooding their...

Non availability of timely credit has been a major drawback for the agricultural sector of India. In a country which relies mostly on agriculture, constant endeavors are needed to see that rural and agricultural credit facilities are enhanced with time. As a part of these efforts, agricultural credit cards got introduced in the agricultural lending system. Similarly cash credit facility was also being offered by many banks. However, a major shortfall...

Pranab Mukherjee today got an opportunity to escape the drudgery of financial jargon and immerse himself in phrases such as poor, women, Muslims, farmers, weavers and prices. At an annual pre-budget exercise at the Congress headquarters, most party leaders asked the finance minister to provide relief to “the common man”, bring down inflation to a single digit, reduce petrol prices, lower interest rates on agriculture, housing and Education Loans and offer...