-The Hindu The Union government looks to fulfil its poll promise of giving farmers 50 per cent more rate than their cost of production. In keeping with the promise made in this year’s Budget speech, the Union Cabinet has approved a hike in minimum support prices (MSPs) for kharif crops so that they are 50% higher than the cost of production, not including land costs. This includes a ?200 per quintal increase in...
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1,648 people died every year during 1953-2016 Due to floods or heavy showers, shows recent CWC data
The Central Water Commission (CWC) has released the state-wise and national-level annual data on human and economic costs associated with floods or excessive rainfall for the last 64 years at a time when the North East is devastated by nature's fury. That data indicates that on an average 3.2 crore Indians were affected by floods or excessive rainfall every year between 1953 and 2016. Floods or downpours took a heavy toll...
More »India needs both price and income support for farmers -Soumya Kanti Ghosh and Debashis Padhi
-Livemint.com The concerns about the downsides of these schemes are overblown, and they could go some way in alleviating rural woes Since the Union Budget 2018-19, there has been a great deal of discussion in the public domain regarding the health of the rural sector. We believe that the rural sector needs some policy intervention, be it price support or income support. As a case in point, the agri gross domestic product...
More »India's forex reserves are falling $2 billion per week as RBI fights to save sliding rupee -Mahua Venkatesh
-ThePrint.in The dip in forex reserves has been Due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...
More »No tree for a tree -Pradip Krishen
-The Indian Express Loss of mature trees cannot be made up by planting new ones. Forest Department shows how not to grow a forest. In the spontaneous protests that have erupted in Delhi over the felling of over 16,000 trees in government redevelopment yards, the response from the authorities seems to be: The numbers are exaggerated and, in any case, we’ll plant more trees than are being felled. In a city with the...
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