CFP last date
20 June 2024
Reseach Article

An Information Architect's Approach to Address Indian Farmers' Indebtedness

by Pranab Das, Abhinav Das
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 125 - Number 1
Year of Publication: 2015
Authors: Pranab Das, Abhinav Das
10.5120/ijca2015904622

Pranab Das, Abhinav Das . An Information Architect's Approach to Address Indian Farmers' Indebtedness. International Journal of Computer Applications. 125, 1 ( September 2015), 12-21. DOI=10.5120/ijca2015904622

@article{ 10.5120/ijca2015904622,
author = { Pranab Das, Abhinav Das },
title = { An Information Architect's Approach to Address Indian Farmers' Indebtedness },
journal = { International Journal of Computer Applications },
issue_date = { September 2015 },
volume = { 125 },
number = { 1 },
month = { September },
year = { 2015 },
issn = { 0975-8887 },
pages = { 12-21 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume125/number1/22395-2015904622/ },
doi = { 10.5120/ijca2015904622 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T23:14:52.033385+05:30
%A Pranab Das
%A Abhinav Das
%T An Information Architect's Approach to Address Indian Farmers' Indebtedness
%J International Journal of Computer Applications
%@ 0975-8887
%V 125
%N 1
%P 12-21
%D 2015
%I Foundation of Computer Science (FCS), NY, USA
Abstract

The Indian farmer, including their counterparts in some developed countries, fell in debt-trap even as GDP and food prices soared and many sectors of the economy shared benefits of GDP growth. Apparently, none of the systems—colonial, socialist, or market-based—have tools to share economic prosperity with the farmer. The paper simulates steps in order to experimentally demonstrate that there could be very high risk in agricultural production. Finally, it proceeds to outline architecture of a centralized digital market, different from existing forms of markets available to the farmer, which addresses such risk as is associated with payoff from agriculture.

References
  1. A. Maddison, The world economy volume 1: A millennial perspective volume 2: Historical statistics. Academic Foundation, 2007.
  2. K. A. Manikumar, A Colonial Economy in the Great Depression, Madras (1929-1937). Orient Blackswan, 2003.
  3. M. Gandhi and D. Dalton, Gandhi: Selected Political Writings. Hackett Publishing, 1996.
  4. S. Fitzpatrick, The Russian Revolution. Oxford University Press, 2008.
  5. R. K. Sah and J. E. Stiglitz, “The economics of price scissors,” Am. Econ. Rev., pp. 125–138, 1984.
  6. P. Milgrom, “Auctions and bidding: A primer,” J. Econ. Perspect., pp. 3–22, 1989.
  7. P. R. Milgrom and R. J. Weber, “A theory of auctions and competitive bidding,” Econom. J. Econom. Soc., pp. 1089–1122, 1982.
  8. F. Gul and E. Stacchetti, “The English auction with differentiated commodities,” J. Econ. Theory, vol. 92, no. 1, pp. 66–95, 2000.
  9. C. D. Hall, “A Dutch auction information exchange,” J. Law Econ., pp. 195–213, 1989.
  10. R. Comment and G. A. Jarrell, “The relative signalling power of Dutch-auction and fixed-price self-tender offers and open-market share repurchases,” J. Finance, vol. 46, no. 4, pp. 1243–1271, 1991.
  11. L. L. Johnson, “The theory of hedging and speculation in commodity futures,” Rev. Econ. Stud., pp. 139–151, 1960.
  12. T. R. Bielecki and M. Rutkowski, Credit risk: modeling, valuation and hedging. Springer Science & Business Media, 2002.
  13. W. A. Mauer and T. H. Naylor, “Monopolistic-Monopsonistic Competition: The Multi-Product, Multi-Factor Firm,” South. Econ. J., pp. 38–43, 1964.
  14. H. R. Varian, Microeconomic Analysis. W.W. Norton, 1992.
  15. A. L. Booth and P. Katic, “Estimating the Wage Elasticity of Labour Supply to a Firm: What Evidence is there for Monopsony?*,” Econ. Rec., vol. 87, no. 278, pp. 359–369, 2011.
  16. J. Kalagnanam and D. C. Parkes, “Auctions, bidding and exchange design,” in Handbook of Quantitative Supply Chain Analysis, Springer, 2004, pp. 143–212.
  17. D. P. Bertsekas, D. A. Castanon, and H. Tsaknakis, “Reverse auction and the solution of inequality constrained assignment problems,” SIAM J. Optim., vol. 3, no. 2, pp. 268–297, 1993.
  18. M. Martin, S. Kakde, V. A. Kendra, and I. Mumbai, From Debt Trap to Death Trap: Victims of’free’Market an Enquiry Into Farmers’ Suicide. Vikas Adhyayan Kendra, 2006.
  19. M. P. Thompson, C. Ho, and J. B. Kingree, “Prospective associations between delinquency and suicidal behaviors in a nationally representative sample,” J. Adolesc. Health, vol. 40, no. 3, pp. 232–237, 2007.
  20. J. Cuellar and T. R. Curry, “The prevalence and comorbidity between delinquency, drug abuse, suicide attempts, physical and sexual abuse, and self-mutilation among delinquent Hispanic females,” Hisp. J. Behav. Sci., vol. 29, no. 1, pp. 68–82, 2007.
  21. C. P. Barlett and C. A. Anderson, “Bad news, bad times, and violence: The link between economic distress and aggression.,” Psychol. Violence, vol. 4, no. 3, p. 309, 2014.
  22. G. Booch, J. Rumbaugh, and I. Jacobson, The unified modeling language user guide. Pearson Education India, 1999.
  23. D. Binkley, M. Davis, D. Lawrie, and C. Morrell, “To camelcase or under_score,” in Program Comprehension, 2009. ICPC’09. IEEE 17th International Conference on, 2009, pp. 158–167.
  24. A. Narayanamoorthy, “State of India’s farmers,” Econ. Polit. Wkly., pp. 471–473, 2006.
  25. “Pearson’s r Correlation (modified from Instructor’s Resource Guide for the Text).” .
  26. Y. V. Reddy, “Indian Agriculture and Reform: Concerns, Issues and Agenda,” INDIAN J. Agric. Mark., vol. 15, no. 1, pp. 1–9, 2001.
  27. A. R. Desai, Social Background Of Indian Nationalism (6Th-Edn). Popular Prakashan, 2005.
  28. P. Oldenburg, “Middlemen in third-world corruption: implications of an Indian case,” World Polit., vol. 39, no. 04, pp. 508–535, 1987.
  29. M. Long, “Interest rates and the structure of agricultural credit markets,” Oxf. Econ. Pap., pp. 275–288, 1968.
  30. DAWN, “Can the role of middleman be eliminated? | Agriculture Corner,” 02-Feb-2011. .
  31. National Agricultural Cooperative Society, “National Agricultural Policy,” 28-Jul-2000. .
  32. Tata Institute of Social Sciences, Rural Campus, “Causes of Farmer Suicides in Maharashtra:AN ENQUIRY Final Report Submitted to the Mumbai High Court,” Mar. 2005.
  33. P. Das, “A Symbolic Approach to Project Management,” presented at the PMI Research Conference, Montreal, CA, 2006.
  34. Introduction To Statistical Quality Control, 4Th Ed. .
  35. L. A. Zadeh, “Probability measures of fuzzy events,” J. Math. Anal. Appl., vol. 23, no. 2, pp. 421–427, 1968.
  36. O. Ashenfelter, “How auctions work for wine and art,” J. Econ. Perspect., pp. 23–36, 1989.
  37. E. E. Spicer, E. C. Pegler, and W. W. Bigg, Spicer and Pegler’s Book-keeping and Accounts. H. F. L., 1956.
  38. L. Guiso and T. Jappelli, “Background uncertainty and the demand for insurance against insurable risks,” Geneva Pap. Risk Insur. Theory, vol. 23, no. 1, pp. 7–27, 1998.
  39. P. B. Hazell, “The appropriate role of agricultural insurance in developing countries,” J. Int. Dev., vol. 4, no. 6, pp. 567–581, 1992.
  40. B. N. Lehmann, “Residual risk revisited,” J. Econom., vol. 45, no. 1, pp. 71–97, 1990.
  41. S. V. Kumar, “Judiciary facing credibility crisis: CJI,” The Hindu, Chennai, 20-Aug-2013.
  42. IANS, “Black Money Promotes Terror, Says Modi,” The New Indian Express, 21-Nov-2014.
  43. P. Lilley, Dirty dealing: The untold truth about global money laundering, international crime and terrorism. Kogan Page Publishers, 2003
Index Terms

Computer Science
Information Sciences

Keywords

Digital exchange electronic exchange auction reverse auction agriculture middleman commodity market agricultural economics