It is clearly the absence of political will rather than a paucity of ideas that is responsible for the country's agrarian crisis. EXACTLY seven years ago this month, the Commission on Farmers' Welfare, appointed by the government of Andhra Pradesh, submitted its report to the then Chief Minister, Y.S. Rajasekhara Reddy. His Congress government assumed office earlier that year replacing the Telegu Desam Party regime led by N. Chandrababu Naidu, which...

-The Economic Times Nobel laureate and professor of economics at Harvard University, Amartya Sen believes developed world policies are worsening the global crisis and leaving emerging economies exposed. During an interaction with the press, he also said the recent rupee depreciation needs to be viewed holistically and is not necessarily a 'train crash'. Excerpts: What is your assessment of the current global situation? I think the global situation is pretty bad...

How deluded we are when we think that when an important piece of legislation is introduced, Policymakers carefully scrutinise it for some room for improvement. Indian democracy is good at passing progressive-sounding legislation that becomes unpopular later for poor implementation and a consequent feeling of letdown and therefore resentment. Often the problems of poor implementation that surface later stem from small mistakes in design that could have been corrected at...

Policymakers have repeatedly said that commodity futures help farmers hedge their risks. But data from Forward Markets Commission (FMC), the regulator for the business worth Rs 106 lakh crore during April-October, paints a different picture. The share of agricultural trade is just a tad over 10% and within this, food products such as soya oil and chana accounted for less than 7% of the total value. Of course, the government itself...

-The United Nations    Ensuring global food security while striving to save the Planet from damage are the greatest challenges of this century, a senior United Nations official said today, stressing the need to enable smallholder farmers to become more resilient to climate change and to produce more food in ways that are environmentally sustainable. “There is no trade-off between feeding people and saving our Planet,” said Kanayo F. Nwanze, the President of...