At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...

-The Pioneer   With an aim to bring about the second green revolution through adoption of effective scientific agricultural methods, the Indian Council of Agricultural Research (ICAR) under Agriculture Ministry has proposed 100 more Krishi Vigyan Kendras (KVK) across the country in the 12th Plan. In a proposal sent to the apex planning body, Planning Commission, ICAR has said that in big districts, one KVK is not effective as farmers have to travel...

-The United Nations   Food prices dropped to an 11-month low in October, the United Nations Food and Agriculture Organization (FAO) said today, while adding that they are still higher than last year and very volatile.   FAO’s Food Price Index averaged 216 points last month, down 4 per cent from September, the agency said in a news release. The index is a measure of basic food prices at the global level. “The drop was...

-The Telegraph   Indian plant biologists have sequenced the full genome of pigeonpea, arming themselves with information that they say will help speed up the development of improved pigeonpea varieties and boost yields of India’s most popular pulse. A consortium of scientists from the Indian Council of Agricultural Research and several academic institutions has identified 47,004 genes that code for proteins in the pigeonpea (arhar or tur), a grain legume that is consumed...

To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...