Nearly 2 lakh farmers committed suicide in India since 1997. The share of big five states accounted for 1,22,823 suicides in this 12 year period. The data compiled by the National Crime Records Bureau points out that 16,196 farmers in India ended their life in 2008. K Nagaraj, an economist, in his report Farmers' suicides in India: Magnitude, Trends and Spatial Patterns, says, "The title to land was taken as the...

Finally, they have bitten the bullet on fertiliser subsidy. For the past three years, the Union government has agonised on the issue of mounting expenditure on this account and has not had the courage to cut the subsidy. While Finance Minister Pranab Mukherjee announced his intent to introduce a nutrient-based subsidy (NBS) in his last Budget Speech, he has finally shown courage to do so on the eve of this...

In a bold move that will not just prune the humongous fertiliser subsidy bill but also change the face of agriculture, Prime Minister Manmohan Singh, aided by several Cabinet colleagues, today brought in a nutrient-based subsidy (NBS) regime. This will incentivise companies to innovate beyond a handful of products sold in the market presently and offer farmers choice based on soil needs. This is expected to trim the subsidy bill...

The Union finance ministry’s mid-year fiscal Review, tabled in Parliament last week, notes very correctly that the “current period represents a crossroads for the Indian economy”. Having weathered the global economic downturn, the Indian economy has performed better than expected. Hence, the Review’s upbeat tone is understandable. Yet, the Review offers an honest account of the challenges ahead, hence the view that India is at a crossroads. Much of the...

HAS GREEN REVOLUTION FAILED INDIA'S POOR? Green Revolution Vs Rain-fed Farming OVERVIEW: Of late India’s fabled Green Revolution has come under severe attack. Many development thinkers believe that it has unfairly skewed India’s agriculture policy in favour of the farmers whose land is already or potentially covered under irrigation. The basic criticism is that the Green Revolution has been largely irrelevant for India’s 60 per cent cultivable land which is un-irrigated. These...