-The Times of India NEW DELHI: Farmers' plight has worsened due to the non-remunerative nature of agriculture but the Centre on Friday told the Supreme Court that it would not be able to enhance the minimum support price (MSP) for agricultural produce to be 50% more than the input cost. A PIL filed by Consortium of Indian Farmers Association had complained that agriculture had become non-remunerative and was driving farmers to borrow...
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Hundreds of free drugs in states, only 50 in central scheme -Rema Nagarajan
-The Times of India The union health ministry's target of distributing 50 drugs free under the free essential drug scheme is so much lower than the hundreds of drugs being provided by states with a functioning free drugs scheme that it has left health officials in these states puzzled. After starting off by talking of distributing 348 drugs in the National List of Essential Medicines (NLEM) during the tenure of Dr Harsh...
More »Draft guidelines issued for onion, potato price stabilisation fund
-Business Standard The central government's price stabilisation fund for potatoes and onions proposes to take on only half of any losses incurred by agencies of state governments in this regard, such as civil supply corporations. The draft guidelines for the Fund, creation of which was announced in the 2014-15 Budget by Finance Minister Arun Jaitley, say if any central government agency (such as Nafed or SFAC, the Small Farmers Agri-Business Consortium)...
More »Monocropping to hurt cotton farmers in Gujarat -Tomojit Basu
-The Hindu Business Line Mehsana (Gujarat): A monocropping culture, driven by healthy returns, threatens to hurt cotton farmers in Mehsana and other districts in the country's largest cotton-producing State, say agriculture experts working in the region. As the price of cotton slips due to excess supply and China scaling back on purchases, farmers in north Gujarat risk mounting their losses and the likelihood of reduced sowing in May. They had increased cotton...
More »Decoding the oil price fall -Raghuvir Srinivasan
-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the global economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the global economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...
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