The agriculture ministry’s revised farm output projections for this year, indicating just about a 7.5 per cent downturn in foodgrain production despite the worst drought in recent years, lend themselves to some significant inferences. For one, the performance of the crops has turned out to be far better than what was feared. The earlier projections, released in November last, had put the likely crop loss at over 21 million tonnes,...
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Smart fertiliser subsidy signals bold farm reform by Swaraj Thapa, Ravish Tiwari
In a bold move that will not just prune the humongous fertiliser subsidy bill but also change the face of agriculture, Prime Minister Manmohan Singh, aided by several Cabinet colleagues, today brought in a nutrient-based subsidy (NBS) regime. This will incentivise companies to innovate beyond a handful of products sold in the market presently and offer farmers choice based on soil needs. This is expected to trim the subsidy bill...
More »Food inflation inches up to 17.97% for the week February 6
India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates. The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed. The fuel price index rose...
More »Reform Fertiliser Policy
Without fertilisers, said Normal Borlaug, the world would need two billion people to volunteer to just disappear. Obviously, it makes sense to increase the supply of fertilisers rather than to look for those volunteers. Sense, however, is in short supply in India’s fertiliser policy , and we have a supply shortage of the stuff. The domestic price of fertiliser has been static since 2002 and the domestic industry has seen...
More »AHRC: 28 children die of malnutrition in MP
According to a press release of the Asian Human Rights Commission (AHRC), 28 tribal children have become victims of malnutrition in Madhya Pradesh. The AHRC believes that the families of the children were deprived of their right to food under existing government schemes and right to health. Attributing its information to field reports by MP Lok Sangharsh Sanjha Manch and the state’s Right to Food Campaign, the AHRC has expressed...
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