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At 8%, plunging food inflation brings back smiles

-The Economic Times   India's food inflation eased to a four-month low in the week to 19 November as vegetables, cereals and eggs turned cheaper. The decline in the reading for the fourth consecutive week came as a respite to the government struggling to recover from a string of recent bad tidings.  Data released by the commerce and industry ministry on Thursday showed the wholesale price index for food articles rose 8% year-on-year,...

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Mart liberalisation scales Trinamul wall

-The Telegraph   The cabinet today unlocked the retail market for foreign direct investment, braving the Trinamul Congress’s objections but assuring Mamata Banerjee earlier in the day that state governments would have enough leeway to protect the interests of farmers. The most significant of today’s decisions is the clearance to 51 per cent foreign investment in multi-brand retail, which will allow the entry of giants that are already household names in a country...

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Banks should lead the war on poverty by MS Swaminathan

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

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In season of high prices, farmer kills himself for fear of poor returns

-The Telegraph   A debt-ridden farmer killed himself in Burdwan last evening after complaining of poor prices for his produce — a seemingly incongruous reality in the middle of a countrywide uproar over rising prices. Madhab Ghosh, 62, perhaps the first farmer whose suicide has been reported since the Mamata Banerjee government took over in May, drank pesticide around 6pm at his home at Jatka village in Raina, Burdwan. Madhab cultivated seven bighas or...

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Low prices may cut Rabi potato acreage by 15 to 20 per cent by Madhvi Sally & Sutanuka Ghosal

Potato acreage in India is likely to drop by 15-20% in the new season. Farmers suffered last year due to a decline in prices following a higher production. According to an initial estimate, the losses could run into few thousand crores with Bengal farmers suffering the most. In this backdrop, a further expansion in area could weaken the prices even as sowing has started across Uttar Pradesh, Bengal, Bihar and Punjab....

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