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Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report

Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...

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Limited outreach of subsidised crop loan scheme among small & marginal farmers

The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...

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The vaults securing the future of food -Sayantan Bera and Nikita Mehta

-Livemint.com With global population set to hit 11 bn by 2100, gene banks are vital links in a chain of steps needed to avert hunger New Delhi: From the outside, the tapering building in classic brick red and cream standing by a quiet stretch of road in west Delhi has the unmistakable look of a government office block, an impression reinforced by its manicured lawns and the acronym NBPGR embossed at...

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Hi-tech route to cut subsidy but long road ahead -B Dasarath Reddy

-Business Standard Digitisation of supply chain for BPL beneficiaries can save Rs 1,080 crore a year but much needs to be done to plug leakages Hyderabad: In this state of information technology professionals, now even a village woman knows how the malfunctioning server in Hyderabad can affect the delivery of subsidised foodgrain to her. Technical snags can make the queues longer at fair price shops in Andhra Pradesh, even a year after the...

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Flimsy arguments to justify contract labour -KR Shyam Sundar and Rahul Suresh Sakpal

-The Hindu Business Line The Economic Survey’s efforts to link ‘excess’ labour regulation to this practice do not stand up to scrutiny The Economic Survey has unconvincingly linked the practise of contract labour to an excess of labour regulation — what it calls ‘regulatory cholesterol’. The Survey alleges that to negotiate the regulatory “cholesterol” in labour law firms resort to contract labour. This is a contestable view. According to the Survey, extensive use...

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