-The Financial Express The domestic prices of key agricultural commodities were below the export-parity prices during most of the time in the decade 2004-2014, according to a new study by Icrier and World Bank. However, the export/import opportunities were not always used as restrictive trade policies played spoilsport; for instance in the 2007-08 global food crisis, though rising global prices made many Indian products export-competitive, rice and wheat exporters among others were...
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Farmers need remunerative prices, not debt waiver, to end rural distress -TK Arun
-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...
More »MGNREGA wages less than minimum farm wages in 15 states: Panel -Shalini Nair
-The Indian Express As per data being examined by the committee, the minimum wages paid to agricultural workers are significantly higher than MGNREGA wages in Karnataka, Punjab, Jharkhand, Uttarakhand, West Bengal, Mizoram, and Andaman and the Nicobar Islands. THE COMMITTEE for revision of wages paid under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA) has found that minimum agricultural wages are higher than MGNREGA wages in 15 states. An upward revision...
More »Loan waiver alone not the panacea for Maharashtra farmers' woes: Experts -Rahul Wadke
-The Hindu Business Line High inputs costs, low price for produce and water scarcity are major challenges Mumbai: Despite the Rs. 34,000 crore farm-loan waiver in Maharashtra, farmers’ lives are unlikely to change for the better as they will continue to be up against familiar problems such as high input costs, low prices for their produce, and scant water availability, say farm sector experts. They are of the opinion that the core issues...
More »Govt not to hike issue price of foodgrains under NFSA for 1 more year: Paswan
-PTI New Delhi: The government has decided not to hike the prices of foodgrains sold under the food law via ration shops for one more year. Under the National Food Security Act (NFSA), which was passed in 2013 during the previous UPA regime, there is a provision for revision of the issue prices of foodgrains every three years. At present, the government supplies highly subsidised foodgrains at Rs. 1-3/kg to over 81 crore...
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