-The Hindu Business Line There is no guarantee farmers’ income will rise as the methodology for estimating cost of production is outdated, defective Although the farmers’ agitation that lasted over one year was finally called-off, their demand for a law guaranteeing minimum support prices (MSP) for crops is continuing. Can the MSP be legalised in a country that produces about 1,000 million tonnes of agri-commodities? If so, who will benefit from it?...
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Corporate tax assessment: CAG spots major errors in over 350 cases
-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex...
More »Leverage WTO to reform the MSP regime -Ashima Goyal
-The Hindu Business Line It’s in India’s own interest to phase out free supply electricity and water and focus on productivity boosting infrastructure The macroeconomic impact of MSP has been neglected in the current debate. It worked, over the years, as a push keeping Indian inflation high. The short-term rise in farmer incomes it delivered was soon eroded, leading to another rise and so on. In recent years it has led India to...
More »India 'poor and very unequal' with affluent elite: World Inequality Report -Indivjal Dhasmana
-Business Standard Fruits of economic reforms monopolised by the elite: World Inequality Report The top one per cent of the population in India owns more than one-fifth of the total national income in 2021 while the bottom half earns just 13.1 per cent, said the World Inequality Report. The economic reforms and liberalization adopted by India have mostly benefited the top one per cent, the latest report for 2022 said. "India stands out...
More »Release funds to MGNREGA, urge economists in open letter to PM
-The Hindu Business Line The letter underlined that the MGNREGA has assumed more significance during the period of the pandemic The country’s top economists, researchers, and activists have written an open letter to Prime Minister Narendra Modi expressing their concern about the funds crunch in MGNREGA and demanding immediate release of additional funds to ensure that the programme functions as the law requires. The letter, signed by several academics and intellectuals including Jean...
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