-Outlook Recent studies point to two areas where NREGS has had an impact — rural education and Naxalite conflict. "Economics is haunted by more fallacies than any other study known to man."  This rather depressing assessment of the field is the opening sentence of Henry Hazlitt's classic primer, Economics in one lesson. In Hazlitt's view, most economists only measure the immediate impact of their policies. A good economist, Hazlitt contended, looks not merely...

-Business Standard Most homes not getting enough to eat; resorting to sending children for work, distress sale of any cattle; call for comprehensive relief without delay A little more than a third of the 100-odd drought-hit villages in the Bundelkhand region of Uttar Pradesh have recorded at least one death due to hunger or malnutrition in the past eight months. And, about two-thirds of households often did not get two square meals in...

Agricultural insurance is supposed to protect farmers from financial hardships and risks when crop losses and damage takes place due to extreme weather events such as drought, cyclone, hailstorms, flood etc. However, in reality this does not hold true in India. Due to the failure of crop insurance schemes in India, there has been a deepening of agrarian crisis and rural distress in the recent times, particularly in the backdrop of...

-TheWire.in This year has been yet another bad one for the agriculture sector. With just 0.2% growth in the last quarter, a good monsoon was essential to revive the sector. However, a deficient monsoon worsened the situation and as many as nine states have been forced to declare a drought. With almost 60% of India’s workforce engaged in agriculture, the slowdown has immensely affected the rural economy. The rural distress has in...

-Business Standard The well-irrigated states of Punjab, Haryana, Karnataka, western Uttar Pradesh and coastal states such as Odisha are, for the first time, feeling the effects of a poor monsoon Bhopal/ New Delhi/ Bhubaneshwar: Farmers are faced with a multitude of problems. Cotton and basmati rice growers in Punjab and sugarcane farmers in west UP are under stress due to the non-payment of insurance and state compensation. Growers in Odisha, Madhya Pradesh,...