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Updated: July 27, 2013 19:01 IST

Best is yet to come in agricultural sector: PM

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Prime Minister Manmohan Singh speaks during the foundation laying function of the New Centre of National Council for Applied Economic Research in New Delhi on Saturday.
Prime Minister Manmohan Singh speaks during the foundation laying function of the New Centre of National Council for Applied Economic Research in New Delhi on Saturday.

Amid concerns over inflation in agricultural items, Prime Minister Manmohan Singh on Saturday sought suggestions from economic experts for a solution as he asserted that the “best is yet to come” in the sector.

The issue came up during an interaction Dr. Singh had with members of the prestigious National Council of Applied Economic Research (NCAER) Centre where he was told by some of them that inflation was a result of farming cost which has gone up by 20 per cent in the last 4-5 years on account of MNREGA and regular hike in MSP, sources said.

The meeting with members of the NCAER, an institute with which Dr. Singh was associated for about six years from 1976, saw a detailed discussion on the agriculture sector amid concerns over rising prices of the farm produce.

Dr. Singh made it clear that the government had to undertake the programmes, like MNREGA, and raise MSP to empower people at the lowest strata of the society.

He asked the economists to suggest solutions to bring down prices while keeping this aspect in mind as he contended that “the best is yet to come” in the sector.

Sources noted that due to schemes like rural job guarantee programme and hikes in MSP, the per capita income in rural areas has shown a substantial improvement.

In his address to NCAER members, the Prime Minister said “the purpose of the study of economics is not to provide settled answers to unsettled and difficult questions, but sometimes to warn economists and the world-at-large, how not to be misled by clever governments”.

Sheer nonsensical logic presented by an economist, albeit would be accepted as from a true sample politician of our country. Honourable Mr. PM, please check yourself with the lower strata farmer whose income has also gone up substantially as a beneficiary of MGNREGA..what have you given him and what have you taken back. As rightly commented by one social activist in a forum that you are handicapping a farmer who would otherwise feed handicaps like you.

from:  Sushanta
Posted on: Jul 29, 2013 at 00:39 IST

During such precarious time when the economy of the world is in
doldrums, with china, japan, UK witnessing sluggish growth, US in
shambles with their employment in their lowest ebb, entire state of
Detroit declared bankrupt another bankrupt nation Greece has been
bailed out by infusing fresh new borrowed funds, India is
comparatively better, whatever happened to the MNREGA, India still is
better placed then many nations. What India lacks is Leadership. India
is going through a leadership crisis, a strong leader who can take the
nation forward with determination, a leader who can discipline the
people of the nation, who can just not mention austerity measure but
also implement it, Only then we can see our nations agriculture sector
moving away from the recessionary effect plagued from many decades.

from:  Solomon
Posted on: Jul 28, 2013 at 20:15 IST

Takes a lot to stay calm and believe that Good things will happen . Our Pm is an epitome of such courage after misery .

from:  Krishnan
Posted on: Jul 28, 2013 at 18:07 IST

“best is yet to come”- you have been uttering these words in all your
UPA regime, but we haven't seen any substantial efforts made towards
that direction.Please stop giving us false assurances. MNREGA is worst
policy ever passed by your government that guarantees wages without any
labour done. Such policies are making the poor inept and incompetent.

from:  Shailesh
Posted on: Jul 28, 2013 at 15:36 IST

Honorable Prime Minister, Please avoid "WOO-DO" economics and business as usual decision making processes and approaches time and again. Instead, use rational common sense in a pragmatic manner using real economic principles to making decisions that serve the people's basic common interest in the current IT age in a transparent, accountable, ethical and responsible decision making manner. This is what the people across the globe are asking for. Use the tools, technology, wisdom, and intelligence to serving the humankind interest instead of not delivering the promises you make, time and again. This is not professional best that you went to school for.
Respectfully submitted,

from:  Onkar
Posted on: Jul 28, 2013 at 03:55 IST

R&D in Agricultural studies should be encouraged and the problems of the
farmers right from preparing the fields to selling the harvested crops
to the Government should be addressed.

from:  Ashwin Srivastava
Posted on: Jul 28, 2013 at 01:02 IST

it is very fine lecture by Dr. Singh at NCAER ,because Dr.sing is widely known as most prominent prime ministers of world who have better understanding of applied economics.He is also worked with them for six year. If he provide some standard criterion on hike of farming costs and assign some quality restrictions on these factors which affecting price hike,that should help agricultural sector.

from:  Ankit Yadav
Posted on: Jul 27, 2013 at 23:19 IST

I thought he would thank Brazil for pressurizing US to put an end to
$500bn farm subsidy bill, which made global cotton producing farmers
struggle, including Indian farmers, many of them who have committed
suicide due to non repayment of loan(high interest rates compared to
the interest rates in US).

And still he is called an economist.

from:  Prashant M
Posted on: Jul 27, 2013 at 22:53 IST

These statements we see right from 2004 when you gained PM ship. What are you going to achieve in last 6 months of your PM ship

from:  Vijay raina
Posted on: Jul 27, 2013 at 22:37 IST

Mr PM, what best will come now when you have just 6 months left to govern. Worst ever governance India has seen in last 10 years

from:  Vijay Raina
Posted on: Jul 27, 2013 at 21:56 IST

This MNREGA program should be withdrawn by the government. This policy is may
be implemented only in the drought situation. Keeping this policy in live there is no
scope for agriculture. These maydays should be diverted to agriculture.

from:  V.Ravichandran
Posted on: Jul 27, 2013 at 21:49 IST

What a blatant lie! For 9 years he destroyed the economy, and bluffing now with 'Best
is yet to come'.

from:  bodan
Posted on: Jul 27, 2013 at 20:41 IST

yes, i totally agree that best yet to the way increasing msp ,
nrega are good but there are some loop hole present distribution system.
the result does not go to the gross root level.the government wisely
took the direct cash transfer scheme. my advice is that first implement
cash transfer scheme successfully then results should go to poor will empower them and automatically agriculture production
increases then prices will go down.

from:  sankar
Posted on: Jul 27, 2013 at 20:31 IST

never whenyou are incharge

from:  ponnusamy
Posted on: Jul 27, 2013 at 20:30 IST

...Bookish Economist allows his people to Rs10, Rs5 or Rs 1 is enough
to have a full meals .

from:  Prof R Krishnamurthy
Posted on: Jul 27, 2013 at 19:52 IST

Mr. Shingh ji said that best is yet to come, while he is asking for solutions form others. Increament in per capita income does not mean that it is controling inflation, increase in income can be a factor for inflation. They know the reason for inflation in farming, so it is time to see that what will their best .

from:  lokesh Kumar
Posted on: Jul 27, 2013 at 19:17 IST

Manmohanji pls live in villages of India and see, who receives a remuneration of mnrega.

from:  Ambadas
Posted on: Jul 27, 2013 at 18:57 IST
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