Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
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Challenge for Food Corporation of India: Rising stocks, cost, & push to procure -Harish Damodaran
-The Indian Express At the projected economic cost of Rs 29.94/kg for wheat and Rs 42.94/kg for rice, the corresponding per-kg PDS consumer subsidy in the coming fiscal would work out to Rs 27.94 and Rs 39.94, respectively. The Food Corporation of India’s (FCI) “economic cost” of wheat sold through the public distribution system (PDS) is budgeted to go up to Rs 29.94 per kg and that of rice to Rs 42.94...
More »In agri-credit, small farmers are still outside the fence -AS Mittal
-The Hindu The agriculture sector’s performance has not been commensurate with the increasing subsidised credit it receives Farmers on the warpath would mean that agriculture reforms have again occupied centrestage not just in the minds of the politicians but also policymakers. To enable small farmers to diversify their crops or improve their income they must have access to credit at reasonable rates of interest. This has been an agenda of the triad...
More »GV Ramanjaneyulu, executive director of the Centre for Sustainable Agriculture, interviewed by Tushar Dhara (CaravanMagazine.in)
-CaravanMagazine.in For over a month, lakhs of farmers from Punjab and Haryana have been camped on Delhi’s borders in one of the largest agrarian protests in India’s history, while talks with the government on withdrawing three farm laws that deregulate the sector persist. At the other end of the country, over the past six years, the agrarian system in Telangana has seen major systemic shifts, after the formation of the state...
More »Bihar farmers question government decision to end diesel subsidy for them -Mohd Imran Khan
-Down to Earth Power supply in villages still uncertain, they say Farmers in Bihar have questioned the state government’s decision December 21, 2020, to end subsidy to them for diesel, which has been around for almost a decade, on the grounds that rural areas of the state are receiving sufficient power. Farmers in the state told this reporter that the reasons given by the government for rescinding the subsidy did not make sense....
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