In this issue

The Institute of Cost Accountants of India (ICAI) is a statutory body set up under an Act of Parliament in the year 1959. The Institute as a part of its obligation regulates the profession of Cost and Management Accountancy. The Institute also pursues the vision of cost competitiveness, cost management, efficient use of resources and structured approach to cost accounting as the key drivers of the profession.

The Institute is also successfully publishing its pioneering Journal, ‘The Management Accountant’ since 1966. This Journal is being published keeping in mind the needs of the Cost and Management Accountants (CMA), and provides wide knowledge on the recent developments and changes in the global and national financial scenarios. The wide circulation and inputs from academicians, researchers and industry stalwarts are the keys to the success of this journal.

DOUBLING THE FARMER'S INCOME BY 2022 – CURRENT SCENARIO, ISSUES & CHALLENGES AND WAY FORWARD

For Many Years, Indian Farmer has been at the Mercy of Monsoon, being exploited by Middlemen & Money lenders and being used as a Vote bank by Politicians! Farmers Committing Suicides due to indebtedness and Crop Failures has become a regular feature! Various Governments have made promises to improve the quality of Farmer’s Life without working on core issues like Policy Changes, Infrastructure Development and Ease of Doing Agriculture! Will this change any time soon? Modi Government’s vision for New India involves “Sabka Saath Sabka Vikas”. Transformation of agriculture sector is crucial in that respect as nearly half of the workforce in the country is employed in agriculture.In 2015-16, Prime Minister, expressed his near-Term Target of Doubling Farmer’s Income by 2022-23. Is it practically possible or is it like one of the Populist Statement? Let’s try to understand.

8 mins

AGRICULTURAL TRANSFORMATION TO BRING THE SDGs TO FRUITION

Surmounting the unparalleled and complex challenges that the entire planet faces demands transformative action and measures, encompassing the principles of sustainable development that leave no one behind. Looking forward, the route to inclusive prosperity and well-being of the people is clearly marked by the aspirational goals set by the UN member states in the 2030 Agenda for Sustainable Development. Agriculture, being a prime linkage between the planet and people, can play a big part in addressing the future needs of the world along with the sustainable management of natural resources. Therefore, the paper focuses on the transformation of the agricultural sector to achieve sustainable development goals by making the agricultural system more efficient, productive, and resilient in a socially-responsible, economicallyfeasible, and environmentally-sustainable manner.

10+ mins

AN ENQUIRY INTO THE ROLE OF MARKET INTERMEDIARIES IN INDIA'S ONION CRISIS

This paper assesses the extent to which market intermediaries have been responsible for the crisis that onion markets have witnessed in the past few years. The paper found that commission agents and wholesalers frequently indulge in price manipulation to purchase onions at predecided prices instead of at auction prices. Big traders attempt to prevent entry of new traders in the market by utilising their market dominance, in order to limit market competition. Traders may also have resorted to hoarding of onions to take advantage of its price rise. This led to an artificial shortage of onions in the retail markets. Imposing of high margins by retailers also has caused sudden spikes in onion prices in retail markets.

7 mins

INTERVIEW

CMA AJAY AGARWAL (ICoAS) Director (Finance) Security Printing and Minting Corporation of India Ltd. (SPMCIL), New Delhi

7 mins

Read all stories from The Management Accountant

The Management Accountant Magazine Description:

The Institute of Cost Accountants of India (ICAI) is a statutory body set up under an Act of Parliament in the year 1959. The Institute as a part of its obligation regulates the profession of Cost and Management Accountancy. The Institute also pursues the vision of cost competitiveness, cost management, efficient use of resources and structured approach to cost accounting as the key drivers of the profession.

The Institute is also successfully publishing its pioneering Journal, ‘The Management Accountant’ since 1966. This Journal is being published keeping in mind the needs of the Cost and Management Accountants (CMA), and provides wide knowledge on the recent developments and changes in the global and national financial scenarios. The wide circulation and inputs from academicians, researchers and industry stalwarts are the keys to the success of this journal.