Amidst uncertainty over India's performance in terms of agricultural production and livelihood security of rural population, the Union Budget of 2016-17 will be presented by Finance Minister Shri Arun Jaitley on 29 February. Given the extent of drought in more than 10 states of India during 2015-16, it is expected that the NDA Government will allocate more resources for rejuvenating the rural sector. Since the country has seen two years of...
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A Union budget for the village -Himanshu
-The Indian Express Government must address the stress in the rural economy, seen in falling wages and incomes, which could reverse recent progress in rural areas Last year in February, Prime Minister Narendra Modi had exhorted voters to vote for his party in the Delhi assembly election, claiming that his victory in the general election had brought luck to the country. Unfortunately, the voters of urban Delhi were not convinced and...
More »Unemployment down in urban centres, but persists in rural areas, says survey -Samarth Bansal
-The Hindu 'Unemployment level in India is highest among those people who are richer and more educated.' The unemployment rate in urban areas reduced from 4.5 per cent in 2004-05 to 3.4 per cent in 2011-12, new data from the National Sample Survey Office show. In rural areas, the rate has been stable at around 1.7 per cent during this period. According to the survey, which was conducted in 2011-12 and released on...
More »Insurance sop -TK Rajalakshmi
-Frontline The new crop insurance scheme introduced by the NDA government in an election year does not provide for a comprehensive coverage of all crops, against all forms of damage and at all stages of the crop cycle. IN AN election year, it is but natural that incumbent governments will introduce welfare policies and schemes. But the problem is that distribution of such largesse in a neoliberal dispensation can only be...
More »Reality of US Farm Subsidies: An Analysis of Agricultural Act of 2014 -Biswajit Dhar & Roshan Kishore
-Economic and Political Weekly Biswajit Dhar (bisjit@gmail.com) teaches at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. Roshan Kishore (roshan.jnu@gmail.com) is currently a data journalist with Mint. With the formation of the World Trade Organization in 1995, the United States farm subsidies had moved towards income support, reducing spending on price support measures. The explicit reason was that the WTO had held that the latter forms were more...
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