-PTI The agriculture sector performed exceedingly well in 2011, with record grain production of over 240 million tonnes giving enough leeway for the government to lift a ban on exports of wheat and non-basmati rice and introduce the food security bill in Parliament. Farmers’ long-standing demand for crop loans at a 4% rate of interest was met during the year, although with a rider that the facility would be available to...
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FDI in Retail: Misplaced Expectations and Half-truths by Sukhpal Singh
The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...
More »Experience so far by CP Chandrasekhar
Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...
More »Ministry of Agriculture provides assistance to farmers of North-East and Himalayan States
-The Economic Times The Ministry of Agriculture provides assistance to farmers for remunerative returns to farmers and to ensure adequate supply of fruits and vegetables to consumers, under National Horticulture Mission and Horticulture Mission for North-East and Himalayan States ( HMNEH). This includes assistance for cultivation, establishment of cold storages, setting up of terminal markets, wholesale markets and rural primary markets/apni mandies. National Horticulture Board is also implementing various schemes. Further, the Ministry...
More »Water, not safety, Kerala’s main issue: TN farmers by Gopu Mohan
-The Indian Express Unmoved by the blitzkrieg from Kerala about the “imminent collapse” of the Mullaperiyar dam, those in support of Tamil Nadu’s stand on the dispute argue that their neighbour’s catchy slogan ‘safety for Kerala, water for Tamil Nadu’ does not capture the devil that is in the detail. While Kerala has pegged its campaign for a new dam completely on the safety aspect of the older one, which it claims...
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