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Banks ask FinMin to stop Andhra farm loan waiver -Manojit Saha

-The Business Standard   Say waiver will vitiate the loan recovery environment Bankers have requested the Union finance ministry to convince the Andhra Pradesh government to drop its proposed farm loan waiver scheme, at a time when a rise in loans turning bad is eroding the profitability of lenders, especially state-run ones. Telugu Desam Party chief Chandrababu Naidu, who is to take the oath of office as chief minister of Andhra Pradesh on Monday,...

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Farmers look for green shoots-Ajay Vir Jakhar

-The Business Standard     They were unimpressed by the UPA's misguided socialism, but they worry about the new regime's free-market orientation too Consider this paradox. The Congress Party-led United Progressive Alliance (UPA) was decimated in the elections in spite of several years of good monsoon and rising agricultural production. Consider another paradox. This was the regime that implemented policies that were presumed to be pro-farmer: the Mahatma Gandhi National Rural Employment Guarantee Act, the...

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NDA govt to dilute environment rules for projects-Neha Sethi

-Live Mint   Prakash Javadekar's environment ministry proposes reduction in parameters defining forests as inviolate New Delhi: On a day it took the environment approval process online, the new government proposed diluting the norms for allowing industrial units in forest areas, moving to clear a logjam in project mandates that industry groups allege has contributed to declining economic growth. Not only will it make the process of environment clearances easier, the norms, once changed,...

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No to unbundling FCI

-The Business Standard   A totally novel method needed to procure and disburse food Unbundling the Food Corporation of India (FCI) by hiving it into three separate entities for procurement, storage and distribution of foodgrain seems prima facie an unsound proposition. It would lead to a multiplicity of food handling agencies; the proliferation of bureaucracy would cause procedural delays and poor coordination. Administrative expenses, which are already high and bloating the food subsidy...

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Can India Reform Its Agriculture? -Ashwini K Swain

-The Diplomat   Climate change is stressing an already struggling farm sector, but there is a way forward. Over the last decade, India's official position in global climate negotiations has been one of opposition to agricultural mitigation. At Doha (COP18), India joined other developing countries in demanding that any talk about agriculture must be in the realm of adaptation, not mitigation. India considers the farm sector out of bounds with respect to emissions...

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