“Resource crunch often makes people depressed, especially for small farmers like us who are used to it for decades. We often live in severe cash-strapped situations and learn to adjust or adapt; sometimes we just succumb to it,” says farmer Mr.Vikas Shinde from Jalgoan, Maharashtra, who developed a motor cycle operated water pump to irrigate his fields.“The government just does not seem interested in encouraging farmers,” he says.“The National Rural...

Pawan Goenka noticed something unusual last year—tractor sales were climbing even though India had its worst monsoon in more than three decades and farm output dropped 2.8% in the three months to December last fiscal. The umbilical cord that tied rainfall patterns and tractor sales seemed to have been ruptured. The president of auto and tractor maker Mahindra and Mahindra Ltd offers an interesting explanation to this puzzle: growing labour shortages...

he Haryana government has decided to extend the benefit of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to small and marginal farmers in the state, an official said Tuesday.Small and marginal farmers will now be allowed to be engaged for labour work in the state for various development schemes in their respective areas, said Atmaram Godhara, deputy director in the agriculture department.'Besides providing free work like land levelling,...

Some 350 million people living in rural areas being lifted out of extreme poverty in the past decade, according to The Rural Poverty Report, published by the International Fund for Agricultural Development (IFAD), a United Nations (UN) agency. However, in spite of this, more than a billion people around the world still continue to suffer. The UN describes extreme poverty as living on less than $1.25 (80p) a day. But factors such as...

Ratan Tata has initiated an interesting debate on the nature of India’s capitalist class. His characterization of this class as crony capitalists may not be out of place given recent evidence on a politics, media, judiciary and corporate nexus.Crony capitalism is a system in which businesses multiply their wealth not by fair rules of the market, but through their nexus with governments. Classic examples are the distribution of legal permits,...