by admin | May 25, 2021 | Corporate, Corporate Governance

Prime Minister Narendra Modi on Monday tried a hand at agriculture as he visited the Internatinal Rice Research Institute in Los Banos, Philippines. (for representational purpose only) Image – india.com
New Delhi : Indian farmers and the scientists have to work together to transform agriculture, Prime Minister Narendra Modi said on Saturday.
Addressing a gathering at the Krishi Unnati Mela at Pusa Campus here after laying the foundation stone for 25 Krishi Vigyan Kendras or agricultural science centres, he said that on this day he has had the opportunity to simultaneously speak to two sentinels of ‘New India’ — the farmers and the scientists.
Appreciating the farmers’ spirit and hardwork, Modi underlined that at present there was record production of food grains, pulses, fruits, vegetables and milk in the country, but new challenges have come up in agriculture which reduce the farmers’ income and increase their losses.
He said the government’s aim remained to double the farmers’ incomes and it has decided that for all notified crops, the minimum support price (MSP) would be “at least one and a half times the cost” of the crop.
Modi said that for this purpose, the ‘cost’ would include elements such as labour, rent for machinery, cost of seeds and fertilizers, revenue being given to the state government, interest on working capital and rent of leased land.
The Prime Minister also said that honey-bees could be an important source of additional income for farmers and dwelt on the benefits of solar farming. He said about 2.75 lakh solar pumps have reached farmers in the last three years.
The Prime Minister also spoke of the Gobar Dhan Yojana for creating compost, bio-gas etc from bio-waste.
Modi said that the government was working to ensure that farmers get modern seeds, adequate power supply, and easy market access.
He said that along with the Green Revolution and White Revolution, the country should now also focus on Organic Revolution, Water Revolution, Blue Revolution and Sweet Revolution.
He said the Krishi Vigyan Kendras (KVKs) would play a key role in this regard.
The Prime Minister also launched an e-marketing portal for organic products and gave away the Krishi Karman Awards and the Pandit Deen Dayal Upadhyaya Krishi Protsahan Puraskar.
—IANS
by admin | May 25, 2021 | Opinions

(file photo)
By Kota Neelima,
Farmer suicides have been taking place across India for years now, and studies of rural distress reveal the deeply-rooted, tenacious causes, such as lack of irrigation, fragmentation of land, unsuitability of seeds and inadequate sources of credit.
Despite the democratically-elected governments that claim to represent a country where over half the population is dependent on farming, agriculture has been consistently ignored at a steep cost to farmers’ lives. Remedies have been tried — the state waived loans to small and marginal farmers ahead of elections and such sops were criticised after elections for disrupting credit discipline among the borrowers.
The crisis provided an opportunity to try more adventurous “remedies”; farmers were cornered into using expensive, genetically-engineered seeds, even when these added heavily to the cost of cultivation of crops like cotton, further indebting them. Although this generated hope, which helped the governments get re-elected, none of the remedies worked. The question remained: Why did farmers commit suicide, bringing a bad name to “popular” governments?
So it became prudent and necessary for the state that other causes for the suicides were invented, such as alcoholism, depression, vices, etc. Farmers were blamed for being ambitious, extravagant, adventurous, lazy, cowardly, and too emotional. Camps were set up to help them cope with life’s stresses, charities were organised and advice was dispensed. Additionally, the state found the usual way of containing the situation; not all farmer suicides would be recognised as such. There were rules to dying; only those deceased farmers who had unpaid bank loans in their names or in the names of their families, and had land in their names or in the names of their families, were considered to fall in the “farmer suicide” category.
These “correct” suicides of the farmers, verified through this process, earned them compensation money, which was given to their widows. Once again the state expected that such monetary relief would make the farmers, and voters in general, appreciate the kindness of the politicians and re-elect them. And once again, it was not a remedy. The question still persisted: Why did farmers commit suicide despite such “generosity” of the state?
Again, it became imperative for the state to find other reasons to explain why it failed to contain farmer suicides. It was believed that the compensation itself encouraged farmers to kill themselves; that the Rs 1 lakh might have increased the toll, and that farmers who died due to other reasons were shown as farmer suicides. But the state knew the truth, because the compensation procedure ensured that each farmer suicide was investigated in depth. The state was aware that farmer suicides happened because of one essential reason — the farmer’s sense of fairness and responsibility was hurt by his continued inability to repay debts.
This explanation was in stark contrast to the ease with which the state and politicians tried arbitrary solutions to farm distress and blamed farmers for their own deaths. It was an inconvenient truth that would have shifted the guilt to the state and was, therefore, never told. Meanwhile, the question continued: Why did farmers commit suicide, denting the image of every charismatic Prime Minister of the country and every dynamic Chief Minister of the state?
Farmer suicides reflect the crisis brewing through several phases of structural transformation of the rural sector. The first phase, from the early 1950s to the mid-1960s, focused on land reforms, irrigation, and objectives like supply of credit, which are yet to be uniformly achieved. The second phase was the Green Revolution, during which the implications for distribution of resources, and economic and social development were ignored, and agricultural development was measured through productivity. The last phase was the period of economic reforms and globalisation, which only widened and deepened the inequalities.
During this time, and under the aegis of politically-correct pro-farmer governments, agriculture had become particularly difficult in rain-fed areas due to a fall in public investment in irrigation and infrastructure, and in technological research and innovations. Maharashtra presented the contradictory picture of extreme agricultural failure along with high non-agricultural growth. This disparity was sharpest in western Vidarbha, where the farmer was entirely at the mercy of the weather, the market, and the state’s indifference.
The wide regional as well as inter-district differences suggest the study of the region as a unit, like Vidarbha, which displayed the severe impact of farm neglect. Further, owing to the intensity and length of the farm crisis, the study of Vidarbha mapped the diversity of conditions and the common factors for farmers’ distress, such as indebtedness, rising costs of cultivation, declining returns, and inadequate policy support.
The region also indicated how small and marginal farming could not be sustained without substantial public infrastructure support, and that the solution had to include initiatives of both policy and civil society. In what might be true for the entire nation, agricultural distress in Vidarbha was also worsened by the opportunism of the political class that used the crisis in blame-games instead of meaningful and timely interventions.
The neglect that the farmers face through their lives has no witnesses, except perhaps, their wives. They knew how the state ignored their husbands while they were alive, how their desperate applications for welfare were dismissed, how many times their husbands visited the collectorates for relief, how much money was spent appeasing local officers like tehsildars, gram sevaks, panchayat members, talathis, etc. The wives had seen their husbands lose faith, and found the empty pesticide bottles that had ended their lives. These were the caring mothers who rescued the memories of their fathers for their children, shielding them from the painful facts.
These were the grieving women who, within days of a suicide, convinced the state of the good mental condition of their husbands, signed documents attesting to the “truth”, and accepted the meagre cheques. But for the state, they did not exist. After all, what did the widows of farmers know about agriculture, crop management, bank loans, private debts, land documents, health bills, power connections, panchayat politics, children’s education? The short answer was — everything.
(Kota Neelima is the author of “Widows of Vidarbha”, on the state of farm widows across the country. The views expressed are personal. Excerpted from the introduction of the book)
—IANS
by admin | May 25, 2021 | Business, Economy, Emerging Businesses, Markets, News, Politics, SMEs

Birender Singh
Chandigarh : Union Minister of Steel Birender Singh said on Monday, that 20,000 mandis would be established in the country so that farmers could get better prices for their produce.
Interacting with media at Safidon town in Haryana’s Jind district, he said that the Central government has been actively working towards doubling the income of farmers and concrete steps were being taken in this direction.
He said that last year loans were provided to about 6-7 crore farmers and the target this year has been set to provide loan to about 11 crore farmers to make farming profitable.
—IANS
by admin | May 25, 2021 | Commodities, Commodities News, Corporate, Corporate finance, Corporate Governance, Economy, Markets, News, Politics
By Shreehari Paliath,
New Delhi : Indian farms produced record harvests in 2017, and the government’s agricultural budget rose 111 per cent over four years to 2017-18. Yet, prices crashed, 8,007 farmers committed suicide in 2015, unpaid agricultural loans rose 20 per cent between 2016 and 2017, and the 600 million who depend on agriculture are struggling to get by.
This is the situation that faces the Bharatiya Janata Party (BJP) government as it heads into its last full budget before general elections in 2019, at a time when Prime Minister Narendra Modi has promised a doubling of farm incomes by 2022.
Agriculture is the government’s “top priority”, Finance Minister Arun Jaitley said on January 15, admitting that “farmers were not getting the right price for their produce”. That is an acknowledgment that record harvests and government spending are not significantly resolving the agricultural crisis.
India harvested a record 276 million tonnes — all-time highs were reported for rice, wheat, pulses, tur (pigeon pea), urad (black gram) and coarse cereals — 4.01 per cent higher than the previous record in 2013-14, according to the fourth advance estimates for the rabi (winter) and kharif (monsoon) crops for 2016-17.
Similarly, horticulture output was nearly 300 million tonnes, or 4.8 per cent more than 2015-16, with potatoes — now experiencing a glut, leading to unrest among potato farmers in Uttar Pradesh — recording a 11 per cent increase over the previous year.
Over a decade ending 2014-15, India’s agriculture sector grew at four per cent per annum compared to 2.6 per cent per annum the previous decade, according to the 2017 Dalwai Committee report that explored how farm incomes could be doubled.
An indicator of growing problems in India’s agricultural economy is a drop in the growth of gross value added (GVA) — a measure of income to farmers before their produce is sold — to 2.1 per cent in 2017-18 from 4.9 per cent the previous year, according to the first advance estimates of national income 2017-18.
The slowdown could be witnessed in agricultural exports, which dipped to Rs 2.1 lakh crore, after growing more than five times over a decade ending 2014, while agricultural imports grew five times over the decade to 2015-16.
An agricultural slowdown has evident political implications: 49 per cent of landowning farmers voted for the BJP in 2014. A reminder came in December from Gujarat, where the BJP won by the narrowest margin in 22 years, winning fewer rural seats (43) than the Congress (62).
Further evidence of farm distress is evident in rising agricultural loan defaults, loan waivers by state governments and farm suicides. Alongside record foodgrain and horticultural output in 2016-17, many states were swept by farm agitations demanding higher prices for their produce and farm-loan waivers.
One example is tur dal. After the monsoon of 2017, imports and a record harvest caused a glut that led to a fall in minimum support price (MSP), leading to unrest and stress in rural Karnataka, Maharashtra, Telangana, and Gujarat. A similar glut in potatoes crashed prices in Uttar Pradesh, prompting farmers to dump produce on roads statewide.
Such situations spur agrarian unrest. There has been an almost eight-fold increase in agrarian riots between 2014 and 2016. In July 2017, five farmers were killed in police firing during a protest seeking farm-loan waivers and higher produce prices. And as distress grew, so did farmer suicides, which increased 42 per cent in 2015 over the previous year.
Nearly four in 10 of 8,007 Indian farmers who committed suicide in 2015 were in debt, compared to two in 10 in 2014; more rural households went into debt over 11 years; and the average rural household had borrowed Rs 1.03 lakh, according to an analysis of government data.
In 2017, with farmers in eight states demanding loan waivers, India’s potential cumulative loan waiver was Rs 3.1 lakh crore ($49.1 billion), or 2.6 per cent of GDP in 2016-17, almost equal to the defence budget of Rs 3.6 lakh crore ($53.5 billion).
The loan write-offs caused non-performing assets (NPA) related to agriculture to increase three-fold over three years to 2012-13, according to a 2017 report commissioned by the government.
A major reason for persistent farm distress and the debt-and-death cycle is that 52 per cent of farms depend on increasingly erratic monsoon rains. Although 2017 was classified as a “normal” monsoon, eight states were declared drought-affected, revealing the vulnerability of farms to uncertain rainfall in an era of climate change.
Despite spending Rs 3.51 lakh crore — equivalent to the farm-loan waivers demanded in 2017 — over 67 years, no more than 48 per cent of nearly 201 million hectares of farmland is irrigated.
The government intended to invest about Rs 50,000 crore over five years to 2019-20 through the Pradhan Mantri Krishi Sinchai Yojana — the Prime Minister’s Irrigation Programme — to reach its target of water for every farm. But the programme was modified to revive 99 moribund small and medium irrigation projects in 2016-17.
There is a need to ensure that farm production is linked to various markets for farmers to recover full value of the quantity produced. This will incentivise the farmer to adopt improved technology and management practices for higher productivity, according to the Dalwai Committee report. This requires better storage and warehousing facilities.
About 60,000 tonnes of foodgrain was wasted between 2011-16 in warehouses run by the state-owned Food Corporation of India. This means the grain either rots or is eaten by rodents and other animals.
India’s cold-storage capacity for fruits and vegetables increased by eight per cent to 346 lakh metric tonnes over three years to 2017. This should allow farmers to reduce time to market and ensure better quality.
(In arrangement with IndiaSpend.org, a data-driven, non-profit, public interest journalism platform, with whom Shreehari Paliath is an analyst. The views expressed are those of IndiaSpend. Feedback at respond@indiaspend.org)
—IANS
by admin | May 25, 2021 | News, Politics
New Delhi : Gujarat Dalit leader Jignesh Mevani on Tuesday attacked Prime Minister Narendra Modi asking why atrocities were being committed against Dalits, minorities and farmers in India and charged the BJP and RSS with instigating anti-Dalit violence in Bhima Koregaon in Maharasthra.
“The way in which Hardik (Patel), Alpesh (Thakore) and Jignesh (Mevani) with the support of the youth in Gujarat brought the BJP down from over 150 seats (target set by BJP in Gujarat) to 99 seats… That is the reason we are being targetted,” Mevani told his Yuva Hunkar rally here.
“And this is the reason why the people of the (Rashtriya Swayamsewak) Sangh and BJP spread violence in Bhima Koregaon,” he said, referring to the violence that broke out in Bhima Koregaon near Pune last week in which one person lost his life and several vehicles were damaged.
The rally for which the Delhi Police had originally denied permission was held at Jantar Mantar, a short distance from Parliament House in central Delhi. But Mevani and his supporters shelved plans to take out a procession to the Prime Minister’s Office.
The newly elected MLA also said that when he fought elections in Gujarat he always spoke about bringing people together.
“Throughout the election campaign, we said that for 22 years the BJP followed the politics of division, while we always spoke about binding people together,” he said. “We don’t follow love-jihad.”
“We only talk about love and harmony. We will celebrate April 14 and Valentine’s Day too,” he said.
Referring to the violence that marked the 200th anniversary of the Bhima Koregaon battle in Pune last week, he asked: “Why the violence took place in Bhima Koregaon?
“I don’t have to answer it but you have to answer me… This you have to answer why Rs 15 lakh didn’t come in everyone’s account, why no jobs to youth? Why farmers were shot dead in Mandsaur? Why no justice to the Una Dalit victims? Why Najeeb Ahmed went missing? Why Rohit Vemula died? We’ll ask all these questions from you, (Prime Minister Narendra) Modiji.”
Mevani, who won from Vadgam in Gujarat in Assembly elections, said elected representatives were not allowed to speak and that was Gujarat’s model.
Further targeting Modi, Mevani said he supported the government’s “Digital India” initiative but asked the Prime Minister to ensure a technology first “so that no one is made to die inside a sewer”.
He also sought an immediate release of Bhim Army founder Chandrashekhar Azad — a Dalit leader who has been jailed and the National Security Act (NSA) slapped against him for allegdly instigating violence in Saharanpur in June last year.
Former Jawaharlal Nehru University student leader Kanhaiya Kumar said the rally had been called “to protect the Constitution and not for any religion”. He alleged that the BJP was creating communal divisions to rule.
“The BJP does not want ‘Ram Rajya’… In the fight between Allah and Ram, the victory will always go to Nathuram (Godse),” said the student leader.
Earlier, scores of people gathered around the barricaded Parliament Street for the protest march planned by Mevani.
“No permission has been given to anyone (to hold a rally),” Joint Commissioner of Police Ajay Chaudhary told reporters here.
The Gujarat lawmaker slammed the police and the central government for denying permission to the protest.
“An elected representative is not allowed to speak… This is extremely unfortunate.”
Some 1,500 security personnel in riot gear, with tear gas launchers and water cannons, were deployed on Parliament Street. As many as 42 organisation — parties, associations and student groups — took part in the rally.
—IANS