-Outlook India To the social subsidy whiners, please check corporate write-offs column The TV anchor asked eagerly of Arun Jaitley whether he would take hard decisions or, in the case of a bad drought, revert to loan waivers and (obviously wasteful) subsidies. The finance minister replied that it depended on the situation as it unfolded but he hoped he wouldn't have to return to such steps. "We hope so too," said...
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Why this apathy? -Devinder Sharma
-Deccan Herald It is difficult to understand why Indian farmers continue to be ignored. With a meager outlay every year, Indian farmers have been producing a bountiful harvest. If only agriculture was to be injected with the much need economic stimulus package, I am sure the Indian farmers can flood the country with food, fruits and vegetables. India can certainly emerge as one of the biggest exporters of agricultural commodities. In...
More »Corporate karza maafi at Rs. 36.5 trillion -P Sainath
-PSainath.org The revenues foregone in 2013-14 could fund the rural jobs scheme for three decades or the PDS for four and a half years. It was business as usual in 2013-14. Business with a capital B. This year's budget document says we gave away another Rs. 5.32 lakh crores to the corporate needy and the under-nourished rich in that year. Well, it says Rs. 5.72 lakh crores but I'm...
More »Proposals on warehousing, marketing to improve supply
-The Business Standard Easing of APMC regime, farmer-consumer contact, other proposals seen as positives To ease supply-side constraints on food articles, Finance Minister Arun Jaitley has proposed several measures to help improve marketing and storage of produce. Taking cues from the Bhartiya Janata Party's election manifesto, he has proposed integrating markets across the country, with the Centre to work closely with states to reorient the latter's respective Agricultural Produce Marketing Committee (APMC) Acts,...
More »Agriculture sector: Challenges & Reforms Required
-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 released in New Delhi today has highlighted several challenges and reforms required in the agriculture sector. The Economic Survey states that as a concomitant of growth, the share of agriculture and allied sector in gross domestic product (GDP) declined to 15.2% during the Eleventh Plan and further to 13.9% in 2013-14 (provisional estimates-PE). While it still accounts for about 54.6% of...
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