Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....
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Debate on poverty does not alter the reality of declining poverty or strategy to combat it-PP Sangal
The Planning Commission drew flak when it calculated that if an urban person spent 28 per head every day and someone in rural areas spent 22, that was enough to consider them to be above the poverty line. These figures are based on consumption expenditure data collected in the 66th round of NSSO for 2009-10. From these new estimates, using the Tendulkar Committee methodology, the number of poor in 2009-10 was...
More »Low water farming-Sreelatha Menon
A new report underlines the benefits of organic farming in the age of climate change While addressing a conference on the National Water Week this week, Prime Minister Manmohan Singh underlined the brewing water crisis. It could as well have been called the ‘National Water Weak’ — for this precious commodity for life is struggling to survive. The maximum blame for wastage of water is often put at the doors of...
More »It's a double error-Sitaram Yechury
The ongoing debate over the incidence of poverty in India, often assuming surreal proportions, shows that there is indeed a ‘philosophy of poverty’ guiding current economic reforms. The loot of our country’s resources that is taking place both through these reforms, which continue to widen gross inequalities, and through the open plunder of our resources for private gain — as reflected in the series of mega scams — require the legitimacy...
More »India has no plans to buy farmland abroad: Pawar
-Reuters The Indian government has no plans to buy farmland abroad or help private companies do so, agriculture minister Sharad Pawar said on Monday, after a local media report said New Delhi was debating the issue. “There is no government proposal. The ministry has not taken up this proposal,” Pawar told reporters. The Economic Times had in its Monday edition quoted the ministry’s top civil servant, farm secretary P K Basu, saying it...
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