-Livemint.com Drought declaration can provide farmers relief through compensation for crop damage and restructuring of loans New Delhi: Even though the monsoon ended with a 14% rainfall deficit, with nearly half the country’s districts facing a shortage of over 20%, states are delaying declaring a drought that could provide immediate relief to farmers by compensating for crop damage and restructuring farm loans. The June-September monsoon, which irrigates over half the country’s farm...

-Livemint.com MGNREGS work days increased to 150 from 100; Rs.5,142 cr rurban project to create 300 smart village clusters New Delhi: The National Democratic Alliance (NDA) government on Wednesday unveiled a package of measures to combat rural distress in the backdrop of a below-average monsoon rainfall. The Union cabinet decided to increase the number of days of employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from the existing 100...

-Business Standard Indian farming is labour intensive as mechanization is expensive. This model might change it while keeping the cost very low. The single biggest challenge in farming is debt. A large share of farmers’ insurmountable debt burden comes from purchase of farm equipment. Mechanized farming results in higher productivity but is notoriously capital intensive. A 40 HP tractor with 2 basic implements (a rotavator and a cultivator) and a trolley costs...

-Business Standard About 100 changes have already been effected through executive orders; new amendments involve structural and policy-level alterations The Centre is all set to overhaul environmental and forest regulations, policies, and laws once the two-day conference of state forest ministers and officials is over. The conference will start on Monday with Prime Minister Narendra Modi addressing it. After effecting some 100-odd changes to regulations through executive orders, the Union environment ministry has...

The agrarian crisis is far from over. Amidst news of farmers' suicide reported from parts of Telangana, Andhra Pradesh and Maharashtra, an official document released in December by the National Sample Survey Organisation states that nearly 52% of India's agricultural households were indebted during July, 2012 - June, 2013. The average amount of outstanding loan per agricultural household in India was Rs. 47000 (see link below). Based on a survey of...