Since ancient times farmers are respected due to their role of bread provider to the society. The presence of Farmers and ploughs in the paintings of early Egyptian civilization describes the importance of agriculture. Decrees and schemes to help farmers by the King were very common in the medieval period. In the modern era, the writing of great philosophers and Economists such as Karl Marx and Adam Smith emphasized the upliftment of Farm laborer for the progress of society. Issues related to farmers and agriculture always remain at the forefront for all the political parties across the globe. There is no doubt that small farmers in the modern era suffered greatly due to the incorrect and untimely decisions taken by the government. The new agriculture laws are positive steps, but without addressing the concern for a fair price from private players to the farmers, it is not likely to help much. The government should guarantee MSP (for at least Five years) from corporates/private persons until the farmers gain sufficient experience in negotiating with corporates/private players. A technological platform for transparent negotiation seller and buyer is a must.
The world is going through a climate emergency and facing a devastating situation due to environmental degradation. Pollution across the world is at a dangerous level, which is threatening the lives of humans and animals. Unsustainable development is negatively impacting the environment by generating excessive waste. The world needs sustainable technologies for production to continue growth and development without impacting nature. Innovators in every industry are developing technologies that could produce products less harmful to the environment.
An economic forecast which only gives the direction without the exact figures is fairly good for the economist as well as the dependents on forecasts. Forecasting about events based on past and prevailing situations is a very old practice. In old times, Kings kept forecasters/sages to predict the war, health, weather, state of affairs, future... Continue Reading →