-Livemint.com Spoilage and pilferage are not something the country can afford given its low ranking in the hunger index The Reserve Bank of India (RBI) recently approved a proposal to restructure around Rs30,000 crore of food credit given to Punjab state agencies, allowing for the conversion of cash credit into a 20-year loan at a lower interest rate. The central bank also sanctioned a cash credit limit of Rs26,000 crore for this...

-The Indian Express The government has failed to provide the right incentives to farmers India’s quest for self-sufficiency in pulses goes back, at least, to 1990-1991, when pulses were incorporated in the technology mission on oilseeds. In 1992, and 1995-1996, oil palm and maize were added to the mission, which was re-christened the Integrated Scheme on Oilseeds, Pulses, Oil palm and Maize (ISOPOM). In 2007, ISOPOM’s pulses component was merged with...

-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

The budgetary support to interest subvention scheme has increased by almost 14 times between 2006-07 and 2016-17. However, the much-touted subsidised short-term credit scheme provides little help to the small and marginal farmers, apart from tenant farmers. According to the Committee on Medium-term Path on Financial Inclusion, which submitted its report in December 2015, the interest subvention scheme suffers from 3 types of defects: i. Subsidised credit may not be...

-The Indian Express The number of arhtiya suicides may not be anywhere close to those by farmers, but they do suggest a certain trend. When prices of commodities, be it basmati rice or cotton, were good, farmers planted with gusto. The ongoing agrarian crisis has spread beyond farmers to consume even arhtiyas or grain commission agents, as a report in this newspaper from Punjab has shown. The number of arhtiya suicides may...