-The United Nations Swaziland’s farmers are beginning to reap the benefits of a UN-backed five-year programme aimed at reversing the country’s declining agricultural productivity, the United Nations food agency declared today. In a media statement, the UN Food and Agriculture Organization (FAO) announced that its Swaziland Agricultural Development Project, or SADP, had already begun to have an impact on the lives of the country’s smallholder farmers through a number of training initiatives...
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Strengthening SME sector will open up a new strategy of broad-based, fast growth -Devaki Jain & Deepshikha Batheja
-The Economic Times "Are we knowledge-proof?" asked the late Prof Raj Krishna. As memorable as his other coinage, the Hindu rate of growth, this question is relevant, given our current growth strategy. The SME sector is a vibrant part of the economy, accounting for 40% of manufacturing and generating jobson a scale second only to agriculture. The figures are similarly significant for handicrafts and handlooms. According to the Tenth Plan, GDP from handicrafts...
More »Government mulls setting minimum quantities for export of agri-commodities
-PTI To overcome inconsistencies in farm export-import policy, Food Minister K V Thomas today said the government is considering allowing a minimum level of quantity for export of select agri-commodities to help India become a stable player in the global market. "We are working on a mechanism to have a stable export-import policy on select agricultural commodities such as sugar, wheat and rice," Thomas said at the Kingsman 4th Indian Sugar Conference...
More »The perils of retail therapy in India
-Live Mint There is no dearth of advisors for a government considered to be in the grip of a policy paralysis and whose prime minister is dubbed an “underachiever”. In this season of India-bashing, US President Barack Obama spared some time from his election campaign and offered some pearly words of wisdom on the Indian economy. This came at a time when in his own backyard, thousands of people marched in...
More »Unfair Tax: Mandi tax on grain procurement offers some states a double privilege
-The Economic Times State levies on grain purchase by the Food Corporation of India (FCI) will reportedly push up the Centre's food subsidy bill by Rs 10,000 crore this fiscal year. This is absurd and untenable. High taxes and commissions - 14.5% in Punjab and 10.5% in Haryana - on the minimum support price (MSP) of grain jack up the costs of procurement, drive private trade out of these markets, and set...
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