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Rs 150,000 crore plus: the govt stimulus for rural areas post lockdown -Harish Damodaran

-The Indian Express That’s the actual liquidity pumped into rural areas by government post lockdown – through grain procurement, PM-Kisan and MGNREGA wages. There are many parallels one can draw between the novel coronavirus-induced lockdown (gharbandi) and demonetisation (notebandi), in terms of their impact on India’s farm economy. Both resulted in the same thing – demand destruction – albeit through different routes. Notebandi caused a haemorrhaging of liquidity from the predominantly cash-based farm...

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How China Reduced the Urban-Rural Economic Chasm – and How India Can Do it Too -Mahesh Uniyal

-TheWire.in Unlike China which supported productivity-enhancing R&D investments, India’s focus has been on politically-driven subsidies that mainly benefit large farmers. We saw the trailer two years ago. TV news visuals of the plight of thousands of rural poor marching to Mumbai shocked the relatively affluent residents of India’s financial capital. The March 2018 Maharashtra farmers’ march and now the nationwide COVID-19 lockdown-triggered migrant exodus has exposed the stark duality of India –  an...

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Why Cash Transfers Cannot Replace Structural Reforms In Agriculture -Padmini Ramesh

-IndiaSpend.com New Delhi: With the launch of the Rajiv Gandhi Kisan Nyay Yojana (RGKNY) on May 21, 2020, Chhattisgarh became the sixth Indian state in two years to initiate a direct cash transfer scheme for farmers. The scheme aims to supplement the income of the state’s 1.9 million farmers by Rs 10,000-Rs 13,000 per acre of land owned. Cash transfers for COVID-19 relief and stimulus are also gaining salience, with the Centre...

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Centre's Economic Package Addresses Long Term Issues, Not Immediate Concerns of Farmers -Mayank Aggarwal

-TheWire.in Millions of agricultural labourers are currently under stress due to the ongoing lockdown which has led to a loss in income, loss of jobs for migrant labour and a disruption in the supply chain. Following the stress on the agricultural sector by the COVID-19 related lockdown, the central Government has announced medium to long term relief measures as part of an economic package. However, the package has fallen short on immediate...

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India’s dairy sector has helped lift the rural economy and improve livelihoods -Yashobanta Parida and Deepika Yadav

-The Hindu Business Line The country must now usher in a new era of development for the dairy sector, by building procurement infrastructure in milk deficit States and adopting appropriate technology in these regions World Milk Day was established by the Food and Agriculture Organisation (FAO) on June 1, 2001, to recognise the importance of milk as a global food. This year we celebrate the 20th anniversary of World Milk Day. This...

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