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Foodgrain output to stay below 2013-14 level, predicts agriculture ministry

Till recently agricultural production in the current crop year was expected to be adversely affected by drought situation in more than 10 states, apart from hailstorms and excessive rainfall that happened in March. However, if one were to believe a recent forecast made by the Ministry of Agriculture, the overall foodgrain production in the country this crop year is anticipated to remain almost the same as last year. In 2014-15,...

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Farm distress: Monsoon isn’t the only spoiler -Harish Damodaran

-The Indian Express Why the revival of exports matters as much as rains for Indian farmers. It is generally held that the woes of Indian farmers today have had largely to do with extreme weather events. The southwest monsoon failed in both 2014 and 2015. Besides, we had extensive crop damage from unseasonal rain and hailstorms over large parts of north, west and central India in March 2015. From this also follows the...

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The indirect benefits transfer -Jayati Ghosh

-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...

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Those who've given up LPG sop can get it back in a year

-The Times of India NEW DELHI: LPG consumers who have voluntarily given up the subsidy will be free to reclaim it a year from now, even as the government looks at various options that may be offered after the present run of PM Modi's 'Give It Up' campaign ends in a year. "The campaign is for one year. Consumers will be free to change their mind. There will be no auto-renewal...

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Rebooting India’s agricultural policy -Himanshu

-Livemint.com The efforts of the government in revamping the crop insurance and land titling schemes are long-term solutions which will take time to bear results The agricultural sector is facing its worst moment in the last three decades. The last time India saw such distress caused by back-to-back deficient rains was during the drought of 1986-87 and 1987-88. The severity of the situation is evident from the stories of migration and...

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