-Inclusion.in There is good news. And there’s bad news. The good news first. There’s been a bumper wheat crop and the granaries are overflowing. And the bad news? Where do we begin? A lot of that grain will rot. Millions will still remain hungry. Heavily in debt and distressed, farmers are committing suicide. Food prices are soaring. There’s more… Farmers don’t have money. Their land is too small and isn’t yielding much. Fertilisers and...
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Farmers sell gold on fears of poor crop-Sutanuka Ghosal
-The Economic Times Piyush Khanolkar, a 38-year-old farmer from the Marathwada district of Maharashtra, has just sold off 10 gm of gold which he had accrued over a period of last five years to a local jeweller. With good rains not in sight yet, he has been forced to sell off the gold to create a corpus to meet his family needs in the coming months if there is a crop failure. Prabhu...
More »Elusive monsoon-Devinder Sharma
While any loss in production following the dry spell will further hit the growth story, it will also push up food inflation. considerably. Once again the rain gods are playing truant. With 31 per cent shortfall in June, and with an expectation of only 70 per cent of the predicted 96 per cent rainfall for the July-August months, crucial for farming operations, kharif sowings have already been hit. In June alone,...
More »Shackled by timidity-Yoginder K Alagh
-The Indian Express Time to take the bolder steps, bring FDI to small towns When the GDP falls below 7 per cent, we need to start worrying. When it is less than 6 per cent, we must treat it as a crisis situation. Growth models show that the robust investment rates already achieved, and twice the productivity growth achieved in the 1980s and ’90s, will get us 8 per cent growth. This...
More »Will rains boost the slowing Indian economy?
-The Economic Times This is the time of the year when the country's weakest spots are exposed; despite our high growth and emerging-economy status, we continue to depend on the rains to boost rural incomes and provide a cushion in a slow economy. All eyes are on rainfall in July, which is crucial for the kharif crop that accounts for about half the food grain output. The consequences on inflation are, of...
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