-The Hindu Agricultural policy should look to address the problem of severe price fluctuations There appears to be no end in sight to the cycle of boom and bust in the prices of agricultural goods. Over the last few weeks, across India the price of potatoes has fallen sharply after a year of bumper production. With the price of a kilogram of potato dropping as low as under a rupee in certain...
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Social security still a raw deal for many -Garimella Subramaniam
-The Hindu The goal of comprehensive social security coverage remains a mere slogan in many parts of the world A recent global report on social security could serve as a useful starting point to understand the appeal of Populism across the world. The World Social Protection Report 2017-19 of the International Labour Organisation could also be viewed as a blueprint for action by political parties of the mainstream. A vast majority of people...
More »Gujarat scare may sow seeds of farm-focused policy in Budget -Deepshikha Sikarwar & Himangshu Watts
-The Economic Times NEW DELHI: The BJP's victory in the Gujarat elections, hard-fought as it was, points clearly to the possible direction of the Budget that finance minister Arun Jaitley will present in February. Given its setbacks in non-urban areas, the big focus of the ruling party will be on agriculture and the rural economy, apart from a likely boost in minimum support prices (MSP). FM Arun Jaitley told ET the results...
More »Rural Distress: A farmer- and banker-friendly alternative to agricultural loan waivers -Sher Singh Sangwan
-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...
More »India Owes a Debt to Its Farmers -Yogendra Yadav
-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
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