In India, agriculture and allied sector is the source of income for over 60% of rural population and its contribution to GDP has been consistently coming down and currently stands at 14.3%. For the Indian economy to grow at the rate of 8-9%, the growth rate of agriculture sector has to be more than 4%. The critical role of agriculture in the economy highlights the need for a larger investment in...
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India defers decision on cotton export ban
-Reuters India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate on Friday, even after top buyer China had criticised the move, which boosted global prices. Indian exporters, who have some 2.5 million bales outstanding for overseas sales, are left with the limited consolation of shifting a maximum of 500,000 bales that have already been cleared by customs. "The meeting was inconclusive. Further discussion...
More »Woolly headed
-The Indian Express Banning cotton exports hurts the farmer, signals India as an unpredictable supplier to the world Two days after the commerce ministry imposed a sudden ban on cotton exports, there are indications the government is preparing grounds for a facesaver. In all likelihood, a limited window may be opened at least for allowing exports for which registration certificates have already been issued by the Directorate General for Foreign Trade. Finance...
More »Bid to revive forests in Jammu and Kashmir by Peerzada Arshad Hamid
ZAVOORA, India (AlertNet) – Amid thousands of tree stumps stretching over almost 60 hectares (150 acres) of bare plateau, there are signs of life. Delicate saplings of kail and deodar conifers are growing between other newly planted deciduous trees. The woodland had been cut down illegally by loggers and encroached upon for farming. But forestry officials here in Shopian district, a two-hour drive south of Srinagar, the summer capital of India’s...
More »Small farmers still excluded from formal financial channels
-The Economic Times Small and marginal farmers who constitute more than 80% of total farmer households in the country face exclusion from formal financial channels," says the Nair Committee on priority sector lending. The same report says "commercial banks have been prescribed targets since late 1960s for priority sector lending". The banking system failed the farmers and the needy despite nationalisation, but is there a viable model that could help the millions...
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