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Crop risks, environmental damages, hunger and the 2020 farm laws -KAS Mani

-Down to Earth Improved access to new markets, better yields and higher income need to safeguard environmental sustainability and farmers’ indebtedness The ongoing agitation by farmers on the borders of Delhi provides an opportunity to flag concerns about various aspects in the agriculture sector, including the environment, society, economy, food security and risk coverage for farmers. Several commentators have already spoken about the 2020 farm laws, supported by statistics, and experience. Many of...

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Shock treatment will not work in agriculture -Sarthi Acharya and Santosh Mehrotra

-The Hindu Post-1991, changes in industry caused a second de-industrialisation; the results in agriculture are likely to be no different Almost all sections of people including farmers agree that the Agricultural Produce Market Committee (APMC)-mandi policies for agricultural marketing, initiated in the 1960s for a few crops, have outlived their utility and the system needs a new policy in the face of the agricultural sector’s growth slowdown, the crop-composition not widening, and...

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MGNREGA: rural welfare on crutches -Debmalya Nandy

-The Telegraph The inadequate sanctioning of schemes across gram panchayats hinders operations, thereby reducing employment opportunities The Mahatma Gandhi National Rural Employment Guarantee Act tracker released by the People’s Action for Employment Guarantee as well as a research report presented by LibTech India reveal why the rural job programme has not been able to cater to the needs of the poorest during this steep rural job crisis. Earlier, a survey by the Azim...

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Why Are People Going Hungry if India Has Surplus Foodgrain Stocks? -Prabhat Patnaik

-Newsclick.in A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands. The Indian intelligentsia has an incredible propensity to swallow the self-serving arguments of metropolitan capitalism that are typically supposed to constitute ‘economic wisdom’. And nowhere is this more evident than in the case of India’s Food Economy. There...

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The RBI’s ‘weighty’ food problem -Abhiman Das

-The Hindu Business Line The food articles’ high weight and their price volatility have reduced the efficacy of the central bank’s policy actions The flexible inflation targeting framework adopted by RBI in 2016 is considered a significant economic reform in India post 2000. Under this framework, maintaining a 4 per cent CPI headline inflation gets the highest priority in the hierarchy of monetary policy objectives. This rule based policy making renders monetary...

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