Agriculture
 
Hazards of farm loan waivers
Tanika Chakraborty , Aarti Gupta
Posted on: 23 May 2017

In theory, debt waivers are expected to induce the optimal level of effort from the debtor for loan repayment. However, repeated waivers may distort household expectations about credit contract enforcements in the future. This column analyses the effect of Uttar Pradesh’s state-level debt waiver programme – announced right after India’s nationwide Agricultural Debt Waiver and Debt Relief Scheme – on consumption and investment behaviour of households.
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How agricultural debt waiver impacts beneficiary households
Mrinal Mishra
Posted on: 02 Feb 2017
Topics:   Finance , Agriculture

How a large-scale and unanticipated debt-relief programme impacts beneficiary households is a question that has not been clearly answered by the existing literature. This column analyses the impact of India’s Agricultural Debt Waiver and Debt Relief Scheme of 2008. It finds that beneficiary households increase precautionary savings by increasing investment in jewellery as they anticipate higher credit constraints in the post-waiver period. Consumption levels remain unaffected.
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Unified agricultural markets: Where are the reforms lacking?
Nidhi Aggarwal , Sargam Jain , Sudha Narayanan
Posted on: 02 Jan 2017
Topics:   Agriculture
Tags:   Karnataka , IT

In April 2016, Modi government launched the e-National Agriculture Market (e-NAM) platform – a pan-India electronic marketplace for trading of agricultural commodities. However, rather than ushering in a revolution, concerns have been raised regarding lack of traded volumes on the platform. To understand the reluctant progress of e-NAM, this column analyses the experience of the state of Karnataka that embarked on agricultural market reforms in 2007.
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Happy Seeder: A solution to agricultural fires in north India
Ridhima Gupta , E. Somanathan
Posted on: 12 Nov 2016

It is believed that much of the pollution in Delhi in November every year originates in the neighbouring states of Punjab and Haryana where farmers burn their fields to dispose of crop residue. This column discusses a simple, practical and cost-effective solution to deal with the problem.
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Kisan Credit Card programme: Expanded access to credit or expansion of credit?
Somdeep Chatterjee
Posted on: 03 Nov 2016
Topics:   Finance , Agriculture

Kisan Credit Card programme - a key reform in agricultural lending in India - has been operational for almost 20 years now. However, there is little empirical evidence of its impact on intended beneficiaries. This column finds that the programme has had significant positive impact on agricultural production and technology adoption. It is likely that the channel is enhanced borrowing ability of the already unconstrained, rather than expanded access to credit.
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Are grain procurement shocks inflationary?
Chetan Ghate , Sargam Gupta , Debdulal Mallick
Posted on: 17 Oct 2016

Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may not be well understood. This column presents a framework to understand how the government’s grain procurement policy in India can be inflationary, and what the appropriate monetary policy response should be.
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MNREGA and its assets
Sudha Narayanan
Posted on: 15 Mar 2016

Critics of MNREGA believe that the programme is a dole to dig a hole and hence, a huge waste of resources and that it would be better to simply provide cash. In this article, Sudha Narayanan, Associate Professor at the Indira Gandhi Institute of Development Research, argues that evidence from various states on the quality of MNREGA assets suggests that this ‘dole-hole’ view of is largely unfounded.

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MNREGA’s impact on rural labour markets
Laura Zimmermann
Posted on: 14 Mar 2016
Tags:   MNREGA , wages

In this article, Laura Zimmermann, Assistant Professor of Economics at the University of Georgia, provides an overview of the research on the impact of the initial phase of MNREGA on rural labour markets in India. The evidence suggests that the programme has served as an important short- and long-term safety net, and has had some employment generation effects during the agricultural off-season. However, the effect on rural casual wages is less clear.

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Promoting the use of a novel water-saving agricultural technology among Indian farmers
Anil Bhargava , Kajal Gulati , Travis J. Lybbert , Nicholas Magnan , David J. Spielman
Posted on: 28 Apr 2015

The Met Department has forecasted a below-normal monsoon in India this year. This column analyses the demand for a water-saving agricultural technology — laser land levelling — among farmers in Uttar Pradesh. It also discusses how such information can feed into the design of a novel approach to combining public subsidies with private service provision to encourage the technology’s uptake among small-scale, resource-poor farmers.
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Boosting Indo-Pak agricultural trade
Ramesh Chand , Raka Saxena
Posted on: 02 Apr 2015
Topics:   Trade , Agriculture
Tags:   Pakistan

Despite close geographical proximity of India and Pakistan and implementation of SAFTA almost a decade ago, trade potential between the two countries remains largely unexploited. This column analyses trends in Indo-Pak trade in agriculture, which constitutes 43.6% of total Indo-Pak trade, and highlights opportunities for expanding trade in this sector.
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