-The Indian Express New FDI policy in food products is unlikely to be a game-changer by itself. Government must clear up the policy environment. n a rather bold move on June 20, the Modi government opened several key sectors such as defence, pharmaceuticals, civil aviation and food products to 100 per cent foreign direct investment (FDI). The objective behind this FDI policy is to attract higher investments, better technologies in manufacturing, commerce,...

-The Indian Express Agriculture Ministry’s harvest estimates don’t square with drought conditions in several cases, raise serious questions of credibility. We have had two consecutive drought years, yet India’s milk production, according to the Agriculture Ministry, has risen from 137.69 million tonnes (mt) in 2013-14 to 146.31 mt in 2014-15 and 160.35 mt in 2015-16. Never before has the country’s milk output grown at these rates — that too, in the face...

-Livemint.com Report says only 10.1% of the total households that had been provided employment had been able to complete 100 days of work as stipulated by the MGNREGA New Delhi: The rural job guarantee programme provided only 49 days of work on an average across the country in 2015-16 when drought in several states affected farm output and crimped income. Rural development minister Chaudhary Birender Singh, though, highlighted this number as a...

-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...

-The Indian Express NDA’s existing agricultural policies are ill-equipped to achieve the stated goal of doubling them in five years. As the Narendra Modi government completed two years in office, almost each arm of government issued hordes of advertisements celebrating achievements and delineating policies and programmes that were transforming India. The ministry of agriculture and farmers’ welfare came out with a big picture of PM Modi, spelling out 10 points reflecting the...