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The best of times, the worst of times -Mihir Shah

-The Hindu Without government support, farmers pay the price for a bumper crop they labour so hard to produce The ongoing farmers’ agitation has taken on a shockingly violent form. Discussion has revolved around an apparent paradox: why are farmers rioting after a bumper crop? But any student of economics knows that prices fall after bumper harvests, which is good for consumers but terrible for farmers. This is why the government needs...

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Maharastra farm loan waiver: Panel for blanket waiver in suicide-hit Vidarbha, Marathwada -Nanda Kasabe

-The Financial Express Pune: Prominent farm activist and current chairman of the special task force constituted by the government of Maharashtra on agrarian crisis, Kishore Tiwari, has urged CM Devendra Fadnavis to cover all the farmers of the 14 distressed districts of Vidarbha and Marathwada in the blanket loan waiver announced on Sunday without any conditions. Welcoming the loan waiver announced by the government, Tiwari said farmers in the distressed districts...

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Why shouldn't rich farmers pay? -Mukesh Butani

-The Economic Times blog Finance minister Arun Jaitley was correct when he stated in April that constitutional constraints do not empower his government to tax agricultural income, implying that he is not constrained from amending the Income-Tax Act. B R Ambedkar, in framing the Constitution, was vehemently critical of British land revenue system, the foundation for which was laid during the Mughal period, and strengthened by the East India Company, which...

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New threat: city heat -GS Mudur

-The Telegraph New Delhi: Heat trapped by tarred roads and dense clusters of buildings may have added nearly 2 degrees to temperatures in the world's most populated cities, including Calcutta, Delhi and Mumbai, over and above the effects of global warming, researchers said today. Their study, described as the first to quantify the combined impacts of global warming and the "urban heat island effect", suggests that the overheated cities will face double...

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GST rate: Fertilizers to come under 12% tax slab, prices likely to rise -Sayantan Bera

-Livemint.com The GST Council has fixed a 12% GST rate on fertilizers, up from the current 4-8% rates, depending on raw materials used and in which states the products are sold New Delhi: India’s landmark tax reform, the goods and services tax (GST), may not be good news for farmers. Retail prices of commonly used fertilizers and micronutrients are likely to increase, not only raising the cost of cultivation but also leading...

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