-The Hindu Business Line The focus must shift away from sops, to raising farmers’ income by promoting better seeds and rejuvenating soil health Agrarian crisis is staring on our face and, as usual, a flood of familiar suggestions have resurfaced. The political responses have been on expected lines. Fixing MSPs (minimum support prices) at 50 per cent over costs is as disastrous as it can get. There is no inherent incentive in cutting...
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'Access to formal credit increases income of farmers' -TV Jayan
-The Hindu Business Line Letting farmers use Kisan Credit Card for non-farm use for a limited time can help improve credit facility to small farmers The returns earned by farmers, who have access to formal credit, are on an average 17 per cent higher than what farmers, who are dependent on informal sources including loan sharks, earn, said an agricultural economist. Besides, access to institutional credit increases the per capita monthly consumption expenditure...
More »How bankruptcy code can help fix India's agrarian crisis -Aishwarya Satija
-The Economic Times The IBC’s ‘fresh start’ process provides a systematic manner of waiving debts overseen by a judicial body. Historically, farm loan waivers have been used as a quick-fix solution to agrarian distress in India. Commonly used by political parties before elections, they have a long history at both central & state levels. However, the efficiency of waivers in actually resolving the debt burden of farmers is questionable. Waivers may work as...
More »No achhe din for the farmer -Ashok Gulati & Ranjana Roy
-The Indian Express When it comes to agriculture growth, the NDA government compares poorly with its immediate predecessor. The next government must initiate structural reforms, set realistic targets The Central Statistics Office (CSO) has released the second advanced estimates of national income for 2018-19, along with the quarterly GDP estimates for Quarter 3 (Q3). The overall GDP for Q3 is down to 6.6 per cent and for 2018-19 as a whole,...
More »Farm income growth slumps to a 14-year-low in Oct-December 2018 -Harish Damodaran
-The Indian Express October-December 2018 is also the second consecutive quarter where growth in gross value added (GVA) from agriculture has been lower in nominal than in real terms. The country’s Farm Sector output may have grown by just 2.7 per cent year-on-year in October-December 2018, the lowest in 11 quarters. But what should worry the NDA government more than the low increase in “real” terms (i.e. at constant prices) is...
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