-Livemint.com Aided by distorted procurement, Punjab’s rich farmers are undertaking high, but damaging, investment Small farmers and fragmented land holdings are often cited as the main problem affecting India’s agricultural growth. After all, lower incomes will limit the ability of such farmers to make significant investments and also make them and more vulnerable to price or weather related shocks. Punjab – the poster boy of India’s green revolution – which has larger...

Situation alarming: More than one-third population hit by drought   The country is facing severe drought for the second consecutive year. Conservative estimates from official sources show that over a quarter of rural habitations are facing drinking water scarcity. Although both India Meteorological Department and Skymet have predicted a more than normal rainfall during June-September, 2016, the water storage available in 91 major reservoirs of the country has declined from 22 percent...

-Hindustan Times With progressively increasing severity of rising temperatures and rain deficits over two consecutive years – 2014 and 2015, the Great Indian Drought was always coming. The India Meteorological Department, ministry of home affairs, the ministry of water resources, the Ministry of agriculture and farmers welfare office, and the National Disaster Management Authority knew it. The question is, what did we do with this knowledge? Six hundred million of India’s 1.2 billion...

-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...

-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...