At a time when the flow of institutional credit has tended to look up, pointing to economic recovery, the disbursal of agricultural credit has dipped by an astonishing 30 per cent, putting the prospects of recovery in the drought-ravaged farm sector in jeopardy. The numbers released by the National Bank for Agriculture and Rural Development (Nabard) indicate that both commercial banks and cooperative credit outlets are lagging behind their targets...
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Beyond Borlaug by Barun Roy
What’s more important to a hungry child? Food now, or future environmental worries? I know I’m on sticky ground here, but it would be hypocritical not to ask the question when the world is mourning the death of one person who, literally, helped save millions in the developing world — in our part of it, especially — from hunger. In his lifetime, Norman Borlaug was hailed as the father of...
More »Shadow of Drought on Delayed Monsoon
A good reason why we must not rejoice the late resumption of monsoon rains is that much of the damage is already done and is irreparable. In over 60 percent of India’s agricultural belt, particularly in the North-Western parts, there will be no rabi harvest. Hence, late arrival of rains hardly mitigates the challenges of lower agricultural production, shrinking of rural purchasing power, high inflation of food prices and loss...
More »Needed policies, not just promises
The Prime Minister’s Independence Day address to the nation was particularly disappointing this year. The Prime Minister has said, yet again, that "the country needs another Green Revolution". But what’s distressing is that his government has not even formulated a draft strategy for such a revolution in the last five years, let alone launch it. Why? Largely because the agriculture minister has not shown the slightest interest in a "Second...
More »Legislating against hunger
The time has come for a comprehensive right-to-food law to tackle the deprivation and food insecurity that haunts India. Over the last decade or so, a series of developments have drawn attention to the problem of food security. These are the persistence of hunger in many parts of the country being juxtaposed with food surpluses and stocks; the adverse impact of globalisation on agriculture and rising food prices resulting in...
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