Farmers, a holy-cow constituency considered more valuable than small traders to the political class, have begun to ask uncomfortable questions to those opposing foreign direct investment (FDI) in retail. Several farmer groups, some of them led by politicians with ties to the Congress, have asked why some parties are standing in the way of a measure that is expected to reduce the clout of middlemen and increase farm earnings. Although Prime Minister...
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Mart liberalisation scales Trinamul wall
-The Telegraph The cabinet today unlocked the retail market for foreign direct investment, braving the Trinamul Congress’s objections but assuring Mamata Banerjee earlier in the day that state governments would have enough leeway to protect the interests of farmers. The most significant of today’s decisions is the clearance to 51 per cent foreign investment in multi-brand retail, which will allow the entry of giants that are already household names in a country...
More »Food inflation cannot be tackled in generic way: Swaminathan
-The Hindu MSSRF signs MoU with Marg Limited Food inflation could not be tackled in a generic way but has to be broken down and examined commodity by commodity, said M.S. Swaminathan, agricultural scientist. After signing MoU with Marg Limited on a partnership to provide knowledge connectivity to empower rural communities, Prof. Swaminathan said it was the price of vegetables, pulses, oil seeds, Potatoes, onions and fruits that were climbing up and not...
More »Farmers dump paddy for more profitable vegetables by Nidhi Nath Srinivas
Sivadasan's five-acre farm used to be a solitary patch in Kerala's Palakkad district, with bitter gourd, cucumber, cow peas and lady's finger growing amid a landscape dotted with paddy fields and plantations of rubber and spices. Just five years later, more than 1.45 lakh farmers in the southern state have joined Sivadasan and started growing vegetables, reflecting a palpable shift sweeping across the Indian countryside. "Vegetables are always more profitable than paddy,"...
More »Banks should lead the war on poverty by MS Swaminathan
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...
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