-The Economic Times Sometimes, putting one and one together does make 11, but many of us seem hardwired in our thoughts to assume rural income growth is a zero-sum game. For example, some people believe subsidies have driven the 15-20 per cent a-year growth in rural wages over the last five years. They come up with "explanations", including "people are selling land and consuming", "rising minimum support prices", and "NREGA is...
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Govt may tomorrow raise wheat MSP by Rs 100 per quintal
-PTI NEW DELHI: The government may tomorrow raise the minimum support price (MSP) for wheat by Rs 100 to Rs 1,450 per quintal to encourage farmers to cover more area under the crop in the ongoing rabi season, sources said. Wheat MSP is the rate at which government buys the grain from farmers. It is critical as it helps farmers decide the choice of crop. "The Cabinet Committee on Economic Affairs (CCEA) is...
More »The silver lining
-The Business Standard Contrary to earlier claims, farm growth may be robust The projection by the Commission for Agricultural Costs and Prices (CACP) of robust agricultural growth of above five per cent and a consequential handsome rise in rural incomes comes as a silver lining to India's otherwise gloomy economic scene. The CACP's reckoning, based on a rigorous mathematical model, virtually discounts the agriculture ministry's kharif crop output estimates (called first advance...
More »Food inflation: How to decode the onion price puzzle-Usha Tuteja
-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...
More »The global implications of India's food security law-Nikhil Inamdar
-The Business Standard Balancing duty to the poor while mitigating 'policy externalities' arising out of the food bill is India's latest challenge The government has fought all odds to get the food security bill - an entitlement programme that covers 67% of India's 1.2 billion large population under a subsidised grain regime, passed in the Parliament. But the battle now shifts to the global stage with India having to convince negotiators, particularly...
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