-CaravanMagazine.in What the Modi economy has done to farmers On his way to the prime ministership in 2014, Narendra Modi promised that, if his Bharatiya Janata Party won power, the government would raise the minimum support prices paid for crops such as rice and wheat to guarantee farmers a 50-percent profit on their production costs. The benchmark was first proposed by the Swaminathan Commission, formed in 2004 to address farmers’ economic plight,...
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Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan
-The Indian Express I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. After my last op-ed in this paper (The safety net of the future) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed...
More »The new food factories: Inside India's organics trade -Neetu Chandra Sharma
-Livemint.com On 1 January 2019, India joined a group of roughly 50 countries which mandates consumer-friendly labelling for organic products. Will it work? New Delhi: In a bid to maintain good health, Manisha Bhardwaj, a software professional working in Noida, and her banker husband, Sakal Bhardwaj—both turning 40—have decided to bring some changes in their lifestyle and food habits. The couple has not only joined a gym to lose weight but has...
More »The dynamics of India's rice export boom -CP Chandrasekhar & Jayati Ghosh
-The Hindu Business Line India has been the world’s top rice exporter since the beginning of this decade. But this boom has benefited only merchant capitalists, not consumers and producers India emerged the world’s largest rice exporter in 2011-12, displacing Thailand from its leadership position. Two factors played a role in this. The first was the government’s decision in February 2011 to lift a four-year ban on exports of non-basmati varieties of...
More »Farmers package in the works: Income support scheme and interest-free loans -George Mathew & Sunny Verma
-The Indian Express As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring Market prices for their produce. Mumbai: The NDA government is considering a package of proposals for the distressed agriculture sector that includes interest-free loans, loans without collateral...
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