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Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report

Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...

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Inflation higher in poorer states

-The Financial Express This is a double whammy for the poor. Despite a fall in retail inflation to 5.18% in February from a 17-month high of 5.69% in the previous month, most of the lower-income states witnessed higher retail inflation than the richer ones, reports fe Bureau in New Delhi. According to DK Joshi, the chief economist at Crisil, higher-income states like Haryana, Kerala, Uttarakhand, Maharashtra and Gujarat saw lower retail inflation...

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Harvest of despair: To deliver the promised achhe din, protect farmers

-Hindustan Times The government’s crop insurance scheme designed to protect 700 million farmers from natural disasters appears to have been overshadowed by Maharashtra’s BJP parliamentarian Gopal Shetty’s alleged description of farmer suicides as a ‘fashion’ and a ‘trend’. Critics have often described the government, which rode to a landslide poll victory in 2014 promising to usher in ‘achhe din’, as ‘pro-corporate’ at the cost of ignoring the farmers. The Narendra Modi-led NDA...

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Indian elite must wake up to public welfare: Piketty -Nina Martyris

-The Times of India MUMBAI: Rock-star French economist Thomas Piketty said it was "very moving" for him to be in Mumbai "after what happened in Paris in the last few weeks". In a wide-ranging conversation moderated by writer Patrick French, Piketty, author of the acclaimed Capital, an exposition on global inequality, and renowned Harvard professor Michael Sandel, whom French introduced as "the public philosopher of the BBC", talked about everything from growing...

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Farmer unions demand an income commission -Sayantan Bera

-Livemint.com With rural distress taking a turn for the worse due to weather woes and lower crop prices, farmer unions write to PM demanding constitution of commission New Delhi: With rural distress taking a turn for the worse due to weather woes and lower crop prices, leading farmer unions from across the country have written a joint letter to Prime Minister Narendra Modi demanding constitution of an income commission that could...

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