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Come clean on futures market tools
Published on : Thursday, January 27, 2011
Planning Commission and Prime Minister's Economic Advisory Committee made a statement to the effect that the inflation in commodity prices, particularly of vegetables, is not a natural market phenomenon, but one caused by artificial manipulations.Similarly, Sharad pawar argues that the variation in supply and demand, of the order of 2-4 per cent, cannot be the prime cause of high food inflation. Futures markets perform the important function of price discovery and are not vulnerable to shady manipulation, writes Sharad Joshi in The Hindu Business Line.
Inflation and short-changed farmer
Published on : Wednesday, January 12, 2011
Even as the ‘aam aadmi' policies of the UPA have contributed to the price spurt, the systemic bias against agriculture does not augur well for food security. Inflation is not exclusively an Indian phenomenon. China is reeling under inflation of over 18 per cent. The continuous rise in petroleum prices is enough to make inflation a global phenomenon. The most significant factor contributing to high inflation is mismanagement by the administration, writes Sharad Joshi in Business Line.
India's duller green belt
Published on : Tuesday, January 11, 2011
Farming in east India is suffering. There are many reasons for the farm sector’s below-par performance in the eastern region of the Indo-Gangetic plain. The significant ones among them are the pattern of demographic changes, discrimination in the allocation of central developmental resources and poor market support. The government’s intervention in agricultural marketing to provide price support through official procurement also seems to discriminate against the eastern region. More than 80 to 90 per cent of total market arrivals of wheat in Punjab and Haryana were picked up by government agencies at minimum support prices, writes Surinder Sud in Business Standard.
Dithering on onion
Published on : Wednesday, December 29, 2010
In the last week, the onion surpassed all political scamsters. The blanket ban on export will result in permanent loss of some markets abroad as it will affect the credibility of the Indian traders in those markets. Opening the door to Pakistani onion will encourage Pakistan to capture traditional Indian markets. Blanket bans are certain to harm the long-term interests of the Indian onion and the Indian farmer, writes Sharad Joshi in Business Line.
Congress' vote-acquisition drive
Published on : Wednesday, September 22, 2010
The Congressnow wants only non-fertile land to be acquired for industrial purposes. The Congress party has a long tradition of committing blunders to claim credit for innovation, and then accepting the Opposition agenda to claim credit for reforms as well, writes Sharad Joshi in Business Line.
The mockingbird of Peepli
Published on : Wednesday, September 01, 2010
Peepli [Live] doesn’t mock farmers; it mocks us--consumers, anchors, politicians, bureaucrats --and our callousness. The movie tells the story of farmers contemplating suicide lured by the compensation of Rs. one lakh. L K advani, who can't think beyond the next election, wants the movie to mock MNREGA. It tells us of our failure in managing India's human and agricultural capital.Farming can be profitable.With the right incentives, structures, leadership and empowerment of farmers, rural India can prosper, writes Salil Tripathi in Mint.
The mockingbird of Peepli
Published on : Wednesday, September 01, 2010
Peepli [Live] doesn’t mock farmers; it mocks us--consumers, anchors, politicians, bureaucrats --and our callousness. The movie tells the story of farmers contemplating suicide lured by the compensation of Rs. one lakh. L K advani, who can't think beyond the next election, wants the movie to mock MNREGA. It tells us of our failure in managing India's human and agricultural capital.Farming can be profitable.With the right incentives, structures, leadership and empowerment of farmers, rural India can prosper, writes Salil Tripathi in Mint.
Palm oil can alleviate poverty, foster growth: report
Published on : Monday, August 23, 2010
Environmentalists have been attacking palm oil for long on the claim that it damages biodiversity and creates animal-human conflict. But, a new report says that palm oil fights poverts and abets economic growth. Palm oil, the report said, can play in important role in African nations such as Nigeria and Ghana.The Western-world inspired campaign against palm oil has become muted, writes G. Chandrashekhar in The Hindu Business Line.
‘Down to Earth' at 300
Published on : Wednesday, August 11, 2010
The farmer needs the right price incentives to increase output and improve technology. The prices in a truly free market will cover the cost of cultivation. Any attempt to block advancement of technology in agriculture can only be disastrous. All agriculture loans are both illegal and immoral, writes Sharad Joshi in Business Line.
PM needs better advice on agriculture
Published on : Wednesday, June 30, 2010
The current rate of farm growth needs to increase well beyond the arbitrary figure of 4 per cent. For that, the Government must reconsider its position on genetically modified crops. The inclusive growth policy of the Government leads to free lunches and kills the spirit of enterprise, writes Sharad Joshi in Business Line.
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