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Farm sector ploughs thru a tumultuous year -Vishwanath Kulkarni

-The Hindu Business Line Bearish price trends in the global market, poor rainfall took toll on farmers in 2014 Farmers in the country were hit by a double whammy in 2014. Even as poor monsoon affected kharif output, lower commodity prices, largely influenced by a bearish trend in the global market, aggravated the agrarian crisis this year. In addition, the uncertainty over the vagaries of nature, largely through frequent unseasonal rains, compounded...

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Small and marginal farmers in distress -R Ramakumar and Aparajita Bakshi

-The Hans India It is official now. New data released by the National Sample Survey Organisation (NSSO) for 2013 show that the agrarian distress in rural India is continuing, and even intensifying for small and marginal farmers. In the last decade, there has been much talk on inclusive growth, revival of growth rates in agriculture, higher public investment in agriculture and the doubling of agricultural credit. Yet, the new data show...

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Tribals worse off, facing alienation, says high-level panel report -Nitin Sethi

-The Business Standard Govt suppresses report recommending radical reforms to improve their socio-economic status as it goes against Centre's rapid industrialisation agenda The National Democratic Alliance government at the Centre has suppressed the report of the High-Level Committee on the Status of Tribals. The report presents a scathing analysis of how development activities and strategies in India have increased the socio-economic gulf between tribals and rest of the citizens of India and...

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Half of farm households in debt

-Business Standard Surveys show 40% still get loans from non-institutional sources & at high rates A little over half of India's agricultural households were in debt, with 40 per cent of the dues from non-institutional lenders, during agricultural year 2012-13 (July to June), according to a official survey. This 'Situation assessment survey of agricultural households' showed 51.9 per cent of all agricultural households were indebted, with the average amount of unpaid dues being...

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Free market model has failed: Kaushik Basu -Puja Mehra

-The Hindu "World Bank too has changed its goal to fighting no longer for just eradication of poverty but also for shared prosperity" There is now a consensus the world over that the free market economic model does not work, said World Bank chief economist and former Chief Economic Adviser to the government of India Kaushik Basu on Sunday. Dr. Basu was speaking at a function organised here by the ‘Ideas for...

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