In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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An outstanding alternative to farm loan waiver -Suman Layak
-The Economic Times The world is no stranger to farm debt crises like the one India is seeing today. Back in the 1980s, the Canadian parliament enacted a law to stop foreclosures on farm debt, after prices collapsed and interest rates jumped to as high as 24%. The law was in force for a dozen-odd years. It identified insolvent farmers, facilitated agreements between the borrowers and lenders, and helped some farmers move...
More »Maitreesh Ghatak, Professor of Economics at London School of Economics, interviewed by Tathagata Bhattacharya (National Herald)
-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
More »Moong drops below MSP even as arrivals begin in N Karnataka -Vishwanath Kulkarni
-The Hindu Business Line Farmers want Govt to begin purchasing immediately Bengaluru: As the new kharif moong (green gram) hits the markets in North Karnataka, prices of the pulses crop are trading lower at around Rs.5,100 a quintal, much lower than the minimum support price of Rs.6,975 announced by the Centre. In fact, the prevailing prices in the State are also lower than last year’s support price of Rs.5,575/quintal, growers said, while demanding...
More »Farmers' Body Announces Nationwide Stir Against Modi Govt's MSP 'Betrayal' -Neha Mehrotra
-TheWire.in Accusing the government of having deceived farmers by not fulfilling its MSP promise, and yet claiming that it has, the AIKSCC has announced a series of agitations over the next four months. New Delhi: The All India Kisan Sangharsh Coordination Committee (AIKSCC), a coalition of over 180 farmer organisations across the country, has termed the announced hike in minimum support prices (MSP) a ‘historic betrayal’, and not a ‘historic increase’ as...
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