-The Business Standard Inflation has cooled in recent months but the next monsoon holds the key. With fear of an El Niño effect impacting it, academicians and policy makers are worried about the possible impact on farm output and food inflation. Prabhu Pingali, director of the Tata-Cornell Agriculture and Nutrition Initiative at Cornell University and former director of the agricultural and development economics division of the Food and Agriculture Organization,...
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Who foots the huge dole for business? -Latha Jishnu
-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...
More »Rs 30,000 crore stimulus to economy expected from poll spending -Surojit Gupta
-The Times of India NEW DELHI: The country's faltering economy is likely to get a significant stimulus from election spending by political parties, candidates and the government which estimates suggest could be as much as Rs 30,000 crore. The figure is comparable to the $4 billion (around Rs 20,000 crore at the prevailing exchange rate) additional spending that the government announced in 2008 to shield the economy from the impact of the...
More »Blaming Poor returns, 61% farmers ready to quit and take up city jobs: survey
-The Hindu Business Line Faced with inadequate returns, a significant chunk of farmers in the country are ready to quit farming if they get alternative job opportunities in urban areas, says a nation-wide study commissioned by Bharat Krishak Samaj and conducted by CSDS. The study - Report on the State of Indian Farmer - reveals some alarming facts, with 47 per cent of those surveyed believing that the overall condition of...
More »Nationwide survey finds Indian farmers in bad shape -Vishwa Mohan
-The Times of India NEW DELHI: Minimum support price (MSP) of most of the food-grains has been increased by over 100% in the past 10 years, but it hardly benefited farmers in eastern and central India as majority there have not even heard of such procurement system. The situation is equally bad in other parts - except in states like Punjab, Haryana, Maharashtra and Western Uttar Pradesh - where farmers don't get...
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