DEALS WITH MULTINATIONALS AND OTHER BIG AGRIBUSINESS COMPANIES A wide range of farmers’ organisations, Gandhian organisations, people’s movements and NGOs have united to oppose a series of disturbing agreements which the Rajasthan Government reached with various multinational and other agribusiness companies including Monsanto. These agreements, which greatly increase the control and influence of these companies over the agriculture sector in India’s biggest State (in terms of area), have proved so controversial...

The cultivable land in India has shrunk marginally by 0.43% to 182.39 million hectare in last five years. This is due to shift in area for non-agricultural purposes such as buildings, road and railways among others. The total agricultural land in 2003-04 was 183.19 million hectares against 182.39 million hectare in 2008-09, a fall of 0.80 million hectare, according to the government data. Major foodgrains producing states like Punjab, West Bengal, Bihar and...

Emissions of harmful green house gases (GHG) from the agriculture sector in India declined 3 per cent in a period of about 13 years to 2007 due to the adoption of advanced farm technologies. CHG emissions declined from 344.48 million tonnes of CO2 equivalent in 1994 to 334.41 million tonnes in 2007, according to the government data. The data has been provided by Indian Network for Climate Change Assessment (INCCA), a programme...

The earlier draft covered only non-NBFC MFIs incorporated as trusts and non-governmental organizations that constitute a very small part of the total industry The proposed microfinance Bill for governing India’s Rs. 22,000 crore microlending industry is set to give more teeth to the Reserve Bank of India (RBI) to regulate larger microfinance institutions (MFIs). This will be done by removing such entities from the purview of laws enacted by state governments...

After the sanctioning of education loans, the public and private sector commercial bankers have shown almost no interest in sanctioning farm loans this year. The farmers in Madhya Pradesh continue to face financial strain and have stayed away from bankers. But the bankers consider last year’s debt waiver scheme being responsible for the low agri credit flow. While state-owned cooperative bankers moved ahead in sanctioning and disbursing priority sector advances, private...