Agriculture Industry
Policy | Why the MSP is not lifting agricultural pricesedit
Year after year, the Commission for Agriculture Cost and Prices (CACP) comes out with detailed analytical reports on price policy for major crops and support prices are declared by the government. The recommendations on price usually receive media attention but non-price recommendations, which are largely in the domain of reform process, are ignored. Due to a lack of political consensus, the government finds it difficult to implement non-price recommendations. So, Minimum Support Price (MSP) is used as an instrument to satisfy farmers.
Eight indicators tell us what is going wrong in Indian economy right now and why bad days await next governmentedit
Multiple pointers are indicating the persistence of an economic slowdown in Asia’s third-largest economy. And these are too serious ones to ignore to get back the economy back on the high growth path and ensure that fruits of economic growth reach the common man.
Why India struggles to cope with droughtsedit
Parts of Andhra Pradesh and Rajasthan have faced four droughts in the last four years while more than 20 districts in Karnataka reeled under a drought for three years during this period. At the same Maharashtra, Uttar Pradesh, Chhattisgarh, Madhya Pradesh and Odisha faced two droughts. According to the Ministry of Agriculture the frequent droughts in the last four years not only affected the kharif and rabi crop but also destroyed kharif supplementary crops in these States.
India’s consumption story losing the plotedit
Consumption is sputtering across a range of products including cars, two-wheelers, air travel and fast-moving consumer goods (FMCG), with volumes dropping to multi-quarter lows. The decline in demand stems from an income growth slump in urban and rural areas that’s forced people to curb spending, falling money supply in the economy and rising uncertainty over how customers will respond to regulatory action, experts said. The next government may need to prime the pump as consumption has been one ..