The finance ministry has asked public sector banks to devise products for Indian farmers to ensure they get adequate funding in emergencies. The government, the majority owner of such banks, wants them to roll out products such as emergency loans to farmers that will be linked to savings accounts, a weather index-based insurance product, and set up a credit guarantee fund that will aid farmers in the event of crop losses...

Indian agriculture can be transformed into a healthy and vibrant system, where farmers’ suicides are relegated to history. As we enter 2010, the script for a futuristic agriculture which brings back the smile on the face of the Indian farmer, without leaving any scar on the environment, is being rewritten. What began as a small initiative some six years back in a non-descript village in Khamam district, has now spread to over...

Naseema Akhtar, 38, worries that her daily treks to collect clean water from the mountain springs around her village of Bonpora, in Kashmir’s Kupwara district, are getting longer. She is already doing more than seven km every day. "The higher up you go, the cleaner the water is likely to be, but there is a limit to how far one can climb to fetch a pitcher of water," she told IPS....

In the first example of his intention to take “difficult decisions” to contain the ballooning subsidy burden to control the fiscal deficit, Finance Minister Pranab Mukherjee on Monday denied permission to food minister KV Thomas for about 26.5 million tonnes of additional food grain allocation to states at subsidised rates over the normal allocation that would have cost the exchequer Rs 32,794 crore of food subsidy.   “It will have to be...

-Economic and Political Weekly   Budget 2012, built yet again at the altar of fiscal fundamentalism, will not convince anybody. In this era of immediate assessment it took just a few minutes for the Union Budget for 2012-13 to be given one or the other negative appellation – “lacklustre”, “anti-growth”, “back to the 1980s”, “without reform” and the like. Such evaluations forget that union budgets have long since ceased to be statements of...