-The Hindu Business Line But they needn’t, if India sticks to the view that the benchmark price for measuring extent of support is too low and outdated India is concerned over the delay in reaching a ‘permanent solution’ to the problem of dealing with food procurement subsidies. The WTO members are thrashing out a work programme for the 10th Ministerial to be held in Nairobi this December. Under Agreement on Agriculture (AoA), developing...
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Consensus eludes meet on urea subsidy -Puja Mehra
-The Hindu At present, the subsidy is paid to urea producers and importers, not farmers. Consensus continues to elude the Centre on the politically sensitive reform of the urea sector, where it has accumulated an unpaid subsidy bill of Rs. 40,000 crore. Prime Minister Narendra Modi presided over a meeting of senior Ministers and officials last Tuesday, which discussed if the subsidy could be provided directly to farmers through the direct benefit transfer...
More »Farming in India: The past keeps its grip
-Deccan Herald Many of India's agricultural practices have barely changed in decades. Reform is long overdue. Nearly a quarter of a century after India launched its first big liberalising reforms in 1991, setting off a new spurt of growth, one area of the country’s economy remains hardly touched: farming. Prime Minister Narendra Modi launched a 24-hour, state-run television channel for farmers in May, but has fostered no public debate about how to improve...
More »Think tank report hints at diversion of cheap farm loans -Puja Mehra
-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
More »More dal, less bhaat -Ashok Gulati and Shweta Saini
-The Indian Express Government should devise a crop-neutral incentive structure to attract farmers to pulses over paddy. Policymakers and consumers can rejoice in the light of the latest price data. Food inflation in particular has witnessed significant moderation. In May 2015, food prices were up by only 2.3 per cent at wholesale and 5 per cent at retail levels over May last year. The increases in minimum support prices for the...
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