-Frontline Former psephologist Yogendra Yadav, now a member of the political collective Swaraj Abhiyan, recently toured India’s drought-affected districts. He called it a Samvedna Yatra. During the tour, he took note of the agony in rural areas affected by what he calls “one of the worst droughts in independent India” The drought, according to him, has left farmers and the larger rural community in extreme distress, leading to damaging changes in...
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Wheat output seen rising a little over 7 mt in FY16
-Business Standard Govt procurement target fixed at 30 mt in 2016-17, a bit more than in ongoing season; rice buying would be 35 mt Despite rough weather, wheat output would rise a little over seven million tonnes (mt) in 2015-16, enabling an increase in overall foodgrain production of one mt over the previous year, official advance estimates showed on Monday. Production of wheat is estimated at 94 mt, from 86 mt in 2014-15....
More »End of crop loan subsidy likely to heighten defaults, banks say -Namrata Acharya
-Business Standard But RBI data suggest that by replacing interest subsidy with crop insurance, government can use about Rs 12,500 cr to facilitate crop insurance scheme If a recent recommendation of the Reserve Bank of India (RBI) on crop loan subsidy is approved by the government, agricultural loans are set to become as costly as home loans or car loans. RBI has suggested interest subvention on crop loans should be phased out,...
More »A jobs scheme that steadied India
-The Hindu It is now a decade since the Mahatma Gandhi National Rural Employment Guarantee Scheme was launched, and it can be said with reasonable assurance that the programme has been largely successful in living up to what it set out to do: provide employment to India’s rural poor and improve their livelihoods. Sceptics of the spending programme, launched in 2006, had raised concerns that it would be yet another opportunity...
More »Warm winter worry for rabi produce -Dev Raj
-The Telegraph Patna: The warm winter that took Bihar by surprise could hit the rabi crop hard with experts estimating an over 13 per cent drop in agriculture production during the season. The fall in production, the experts fear, could lead to distress among farmers and also contribute to inflation in food grain, pulses and oilseeds. "We are estimating production of around 52 lakh tonnes of wheat this rabi season in the state....
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