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Are farmers collateral damage of modern economic growth? -Sanjiv Phansalkar

-VillageSquare.in People living in villages, who are migrating in large numbers to urban spaces in search of livelihoods, could be victims of our economic development or perhaps the dismal income growth of farm households is semi-deliberate to keep labor costs low Till about 1990 since Independence, our country followed what may be broadly termed an import-substitution strategy for economic growth. This meant high import duties and rigid non-tariff barriers on imports and...

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Drop in pulses prices despite good rains reveals India's flawed agri policy -Abhishek Waghmare

-IndiaSpend The drop comes despite a good monsoon in 2016 A good monsoon that led to record sowing and production of pulses–especially tur dal (pigeon pea)–has almost halved their wholesale and retail prices in 2017, a year after dal prices skyrocketed to Rs 200 per kg in some cities at the end of 2015. In many state-regulated agricultural markets of major tur-producing states such as Maharashtra and Karnataka, prices have fallen to Rs...

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In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman

-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...

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Drought - Tamil Nadu: A bitter harvest for farmers in Nilgiris -LN Revathy

-The Hindu Business Line Combatore: V Pandian, a vegetable grower at Ketti Pallada in the Nilgiris, recalled the wild buffalo intrusion on his farmland around mid-March. “A herd of 30 or so wild buffaloes trampled on the half-acre plot in which carrot shoots had started to show up, destroying the crop completely. I just gave up,” he said. The sleepy hamlet, located 15 km from Coonoor, has become the haunting ground for...

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Note ban hit not just poor, but manufacturing sector too: House panel -Abantika Ghosh

-The Indian Express When announcing the decision on November 8, the government had said the then Rs 500 and Rs 1,000 notes would cease to be legal tender and this would cleanse the system of black money. A Parliamentary panel has come down heavily on demonetisation, describing it as one that not just inconvenienced the poor but also affected the manufacturing sector. “It was an effort to combat corruption, tax evasion and...

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