-The Indian Express The ongoing price recovery in major crops is in danger of being stymied by knee-jerk government response. A lot of analyst commentary on the latest quarterly GDP numbers for India has focused on the low growth in “nominal” terms: Gross value added (GVA) at current prices grew by just 6.3% year-on-year in July-September and 7.1% for April-September. If this first-half trend holds for the rest of 2019-20, it would...
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Who is a farmer? Government has no clear definition -Priscilla Jebaraj
-The Hindu Such an ambiguity has serious implications for the design and beneficiaries of schemes meant to help them Who is a farmer? What is the government’s definition of a farmer and how many farmers are there in India by that definition? Agriculture Minister Narendra Singh Tomar failed to answer that question when it was asked in Parliament last week. The government’s ambiguity has serious implications for the design and beneficiaries of the...
More »Give farmers their due credit -Ashok Gulati & Ritika Juneja
-The Indian Express All crop loans should be routed through Kisan Credit Cards. This will ensure that farmers do not use the loans for non-agricultural purposes. Normally, a sector’s credit off-take is a sign of its health. Higher the off-take, the better the sector’s performance. There has been a healthy off-take of ground-level credit (GLC) in agriculture and allied sectors. In the financial year (FY) 2018-19, banks disbursed Rs 12.55 trillion...
More »Crop insurance flaws fuel farm distress -Sayantan Bera
-Livemint.com * At a time when rural incomes are sliding, the only existing safety net for the farmer is failing * High costs of reinsurance due to erratic weather, a spike in claims, political interference in crop loss estimation are reasons that forced some insurers to leave the business NEW DELHI: Santosh Kumar’s first brush with insurance left a bitter aftertaste. A farmer’s son, 26-year-old Kumar from Bihar’s Araria district felt betrayed when...
More »Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
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