-The Telegraph Singur, the potato bowl of Bengal, appears to have landed in trouble again. Not on account of unwilling farmers grieving over their lost assets, but on account of overproduction by the ones who didn't lose their land. Excess supply of the crop has pulled down prices, leading indebted farmers to slither down the precipice. According to media reports, matters have come to a dismal pass, with a section of...
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When statistics lie -Paranjoy Guha Thakurta
-The Asian Age The much-quoted sentence, "there are three kinds of lies: lies, damn lies and statistics", was attributed to the 19th century British Prime Minister Benjamin Disraeli by American author Mark Twain. Although researchers could never find such a statement in any written work of Disraeli, the sentence gained universal popularity to signify how economists and other number-crunchers use the "persuasive power" of figures to make a political point or...
More »Failing the farmer -CP Chandrasekhar
-Frontline Outcomes of the patterns of growth induced by neoliberal economic reforms have increased the disproportionality between agricultural and non-agricultural growth, and with costs rising and prices not keeping pace, agriculture is becoming increasingly unviable. FARMERS across northern and central India-in Maharashtra, Madhya Pradesh, Rajasthan, Haryana and elsewhere-are distressed. Unseasonal rains have damaged their standing crop and help from the government has been meagre and slow in coming. This, however, is...
More »Why is farm sector loan growth this year higher than agricultural GDP? -Ravi Krishnan
-Livemint.com The nominal agricultural gross domestic product growth is down this fiscal year, but credit growth to agriculture is up Here's a strange fact: nominal agricultural gross domestic product (GDP) growth is down this fiscal year, but credit growth to agriculture is up; and while nominal industrial GDP is up a bit, credit growth to industry is down. Please click here to read more. ...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
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