Farmers' Protest: Eminent agricultural economist Ashok Gulati warned that Punjab's delay in pursuing diversification efforts by at least two decades poses a threat to future generations.
The term of Gulati, a keen backer of the recent farm laws who has also been appointed by the Supreme Court to a four-member panel, is for five years starting from Saturday
The appointments committee of the Cabinet has selected three part-time non-official directors to the central board of the Reserve Bank of India. Rajiv Kumar, Ashok Gulati and Manish Sabharwal will remain on the RBI board for four years.
After a long hiatus, the government today appointed three directors on the all-powerful central board of RBI, which include two noted economists Ashok Gulati and Rajiv Kumar, for four years.
Is the current water crisis a result of two consecutive droughts, that can be mitigated with just couple of good monsoons or is it more grave? A problem of sustained shortage of surface and groundwater, can be answered only by a change in laws, cropping patterns, taxes and indeed, a change in lifestyles and attitudes.
Permitting GM food crops is a big call for a country that spends tens of billions of dollars importing edible oils and other food items every year.
While rising food inflation driven by pulses has been a never-ending discussion topic in India's macroeconomic policy-making, this time around all hell has broken loose with tur dal prices rising to more than Rs 210
Ashok Gulati, an agricultural economist and former adviser to New Delhi, believes that Marathwada, Madhya Pradesh, Maharashtra, north-interior Karnataka along with parts of Gujarat, Madhya Pradesh and Telangana have faced a rain deficit of 30-50 percent.
Roughly half of India's farmland lacks irrigation and relies on monsoon rain, but this year's rainfall is officially forecast to be only 88 percent of the long-term average and, for the first time in nearly three decades, farmers face a second straight year of drought or drought-like conditions.
In what may serve as a dampener for the economic prospects of the agricultural sector, US-based forecaster Earth Science today revised downwards its India monsoon forecast to 88 percent of the long period average (LPA).
LS Rathore, director general, IMD, says El-Nino fears have already been factored in the forecast.
Agriculture, as a percent of GDP, has fallen from 30 percent in 1990 to 18 percent now but the number of people depending on the sector hasn't fallen at the same rate. In a CNBC-TV18 interview, experts dissected what is wrong with the sector.
India is grappling with falling rural demand aggravated by unseasonal rains that threaten to destroy what could have been a bumper crop year. Maharsahstra is the worst impacted state in the country and the compensation announced can barely cover the losses faced by the farmers.
FM Jaitley announced an allocation of Rs 15,000 crore for long term rural credit fund, Rs 45,000 crore for short term cooperative rural credit refinance fund and Rs 15,000 crore for short term RRB (regional rural banks) refinance fund.
Finance Minister said his fisc numbers are right and slammed the critics for questioning the integrity of north block.
Ashok Gulati, Chairman of Commission for Agricultural Costs & Prices says he global share of our agriculture exports is better than our manufacturing exports.
Speaking to CNBC-TV18, Ashok Gulati of Commission for Agricultural Costs and Prices explains how the government by changing its policy decisions can lead to a lower food inflation figure.
Ashok Gulati chairman of the commission on agricultural costs and prices, T Nanda Kumar, former agriculture secretary and Sonal Varma chief economist at Nomura discuss the nuances of the Food Security Bill on Indianomics.
Analysts suggest maintaining fiscal deficit at 5.3% will be a challenge for the finance minister.
Ashok Gulati, Chairman, Commission for Agricultural Costs and Prices, feels that the government will go ahead with the revised Food Security Bill in the upcoming Budget. Talking to CNBC TV18, he said the cost of implementing the Bill is not going to be less than Rs 1.20-1.25 lakh crore.
A discussion paper co-authored by CACP chief Ashok Gulati has exposed lacunae in the Food Bill and suggested further debate on long-term feasibility of the Congress' big-ticket social welfare programme.
With average rainfall shortage at 23%, worries are that this could tip the balance in an already precarious economic environment in the country.
In an interview to CNBC-TV18 Ashok Gulati, chairman of Committee for Agricultural Costs & Prices explained the process of fixing MSP and its impact on inflation.
The Food Security Bill has finally been cleared by the cabinet. In an interview to CNBC-TV18, chairman of the Commission for Agriculture Costs and Prices Ashok Gulati says, there are three major challenges that the government will face.
India is worried about the impact on inflation from rising farm labour costs, although a good harvest should dowse some of the fire in consumer prices, Ashok Gulati, chairman of the agriculture ministry's commission on farm costs and prices, said.