-The Economic Times The world is no stranger to farm debt crises like the one India is seeing today. Back in the 1980s, the Canadian parliament enacted a law to stop foreclosures on farm debt, after prices collapsed and interest rates jumped to as high as 24%. The law was in force for a dozen-odd years. It identified insolvent farmers, facilitated agreements between the borrowers and lenders, and helped some farmers move...
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Young and wasted -TK Rajalakshmi
-Frontline.in The 2018 Global Nutrition Report points to the link between income and malnutrition but falls short of examining critical factors such as enhanced public spending that determine the levels of hunger and nutrition. In 2017, fewer than one in five children, six to 24 months of age, in the world ate a minimally accepted diet. More than half of them in the same age group did not get the recommended number...
More »Water woes -Michael Kugelman
-The Hindu They will soon become more than just a political liability The BJP’s poor performance in the recent Assembly elections underscores the extent of India’s agrarian distress and the political cost of failing to address it. The root cause of the Indian farmer’s woes is water shortage. Yet, barring policy interventions, this problem will only worsen — to the point that it will become far more serious than a mere political...
More »Without Rise in Farm Income, Congress' Loan Waivers Won't End Rural Distress -Kabir Agarwal
-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...
More »Agrarian, liquidity crisis weigh on India consumption story -Harsha Jethmalani and Pallavi Pengonda
-Livemint.com As we enter the new year, investors will do well to factor in a moderation in consumption demand due to the liquidity crisis and farm distress Analysts are getting increASIngly wary about the outlook for consumption demand, even though investors are brushing ASIde these risks for now. In its 2019 India outlook, Credit Suisse said it would prefer investment-related stocks over consumption-focused ones in the coming year. The brokerage expects sharp...
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