Those who compare India with China on equal basis, could be left with egg on their face if the new Global Food Policy Report 2014-15 is to be read and believed. The recent report from International Food Policy Research Institute (IFPRI) shows why India is still faring much worse as compared to its neighbours including China, in the areas of agriculture and food security. In 2012, China spent close to...
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Land acquisition: First, sow the seeds of security among farmers -Abhijit Banerjee
-Hindustan Times Many years ago, Jagdish Bhagwati, a very distinguished economist long before he became one of the patron saints of the NDA, published an important paper on what he called Directly Unproductive Activities or DUP. These bore a close relation to what his friend and well-known South Asia scholar, Anne Krueger, had called rent-seeking activities in some slightly earlier work. Both made the important point that the social cost of...
More »Targeted lending to farmers a must -Gopa Kumaran Nair and Nirupam Mehrotra
-The Financial Express In a column in The Financial Express, ("Time to tweak priority-sector lending", goo.gl/6O8AOL, February 6), the author made a case for "tweaking" priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population. Specifically, the article argued for revisiting the sectoral targets and cited a reduction in the share of agriculture sector in GDP as a valid reason...
More »Bombay high court clears higher payout for farm land acquisition -Swati Deshpande
-The Times of India MUMBAI: In a landmark judgment, the Bombay high court has paved the way for the state to pay higher compensation to farmers whose land it acquires for public projects. The court held that financial constraints or project cost escalations cannot be a reason to shortchange farmers and set aside a government decision to fix a multiplier factor of 1.1 on market rates even though the law says...
More »Urban homes emit more greenhouse gases than industry -Vinayashree Jagadeesh
-The Times of India CHENNAI: The industrial sector has been taking the flak for emitting high levels of hazardous gases over the years but it might ultimately be our homes that are responsible for the highest emission of greenhouse gases. A recently published study conducted by the Centre for Ecological Sciences of the Indian Institute of Science, Bengaluru, found that the domestic sector was one of the highest contributing factors to greenhouse...
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