-The Economic Times With the general election a few months away, the central government has begun crunching the numbers in preparation for a comprehensive programme to help farmers tide over challenges posed by a dip in prices and dwindling incomes. The government is keen on a more substantive intervention than a loan waiver at the central level to alleviate agrarian distress besides stepping up investments in the sector, having concluded that writing...
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Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by M Rajshekhar (Scroll.in)
-Scroll.in The former Planning Commission member explains why the country needs to tread carefully on this idea. On January 1, when Indian news agency ANI asked Prime Minister Narendra Modi about the government’s plans to reduce agrarian distress, he said loan waivers do not work as a very small segment of farmers take loans from banks. “A majority of them take loans from money lenders,” said Modi. “When governments make such announcements,...
More »Why India should expose US hypocrisy on cotton subsidies at the WTO -Sachin Kumar Sharma & Parkhi Vats
-Financial Express Trade and World Trade Organisation (WTO) discussions thrive on perception. Recent actions by the US seek to portray India as flouting WTO rules and distorting the global market by providing huge subsidies to cotton. Left unchallenged, the hypocrisy of the US narrative on cotton could sway WTO members, particularly the cotton-producing African countries. So, what is the fracas on India’s cotton subsidies all about? Shorn of legalese, the US has...
More »Slackening of demand indicators weakens India's growth impetus -Aanchal Magazine
-The Indian Express Farmers getting lower prices for their produce, much lower than the Minimum Support Prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. New Delhi: The consumption-driven story of India’s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand. At a time when public expenditure is likely to be curtailed by the obligation...
More »Rice procurement reaches 238.8 lakh tonnes
-PTI The government has procured 238.8 lakh tonnes of rice in the current 2018-19 marketing season so far, with purchase in Punjab and Haryana almost over, according to official data. The rice procurement target for the current season (October-September) has been fixed at 375 lakh tonnes. In the previous year, total rice procurement stood at 381.8 lakh tonnes. Procurement is undertaken by state-run Food Corporation of India (FCI) and State agencies for the...
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