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A broken tax chain -Arun Kumar

-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...

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Not all milk and honey -Ashok Gulati & Ritika Juneja

-The Indian Express Only 21 per cent of India’s milk production gets processed through the organised sector and the rest passes through unorganised small players. And that’s where the crisis is most intense. Farmers, who had high expectations from the Narendra Modi government, are a disillusioned lot today. Market prices of several crops have remained well below their minimum support prices (MSPs). Moreover, milk prices have fallen by 20 per cent...

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Working on skill deficit key to boost farm economy -Roshan Kishore

-Hindustan Times Unless the deficit is addressed, plans to improve incomes in the farm sector are unlikely to succeed According to the 2011 census, 45% of India’s workforce is engaged in non-agricultural activities i.e. professions other than cultivation and agricultural labour. This number diminishes by slightly more than two percentage points if one excludes two other primary sector activities: mining and plantations, forestry and fishing. Who are these workers? Which industries and...

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Lower returns on produce behind farmers' distress -Roshan Kishore

-Hindustan Times Profitability takes a hit as real MSPs have not risen over the years New Delhi: Most commentary around rural anger in India has been focused on either the sector’s growth performance or government spending on agriculture. Such analysis is likely to present an incomplete picture at best. Government spending on agriculture is a small fraction of the total agricultural economic output. In 2017-18, the ministry of agriculture’s spending was less...

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Ahmedabad District Cooperative Bank collected highest amount of banned notes among DCCBs: RTI reply

-IANS A district cooperative bank, Ahmedabad District Cooperative Bank (ADCB), netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. ADCB secured deposits of Rs 745.59 crore of the spiked notes -- in just five days after Prime Minister Narendra Modi made the demonetisation announcement. All the district cooperative banks...

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