-TheWire.in Unless consumer preferences shift to climate resistant crops, goals associated with the policy won’t materialize. On March 14, the Ministry of Environment, Forest and Climate Change (MoEFCC) uploaded a draft of the National Forest Policy 2018, three decades years after the last such policy. The draft appears to be an attempt to shift the approach towards forestry in India – specifically, from a local community- and ecology-centric approach emphasised in the...

The increase in organized sector employment (i.e. in establishments employing 10 or more workers) in the second quarter was much higher as compared to that in the first quarter of 2017-18. The seventh round of the Quarterly Report on Employment Scenario in selected sectors (as on 1st October, 2017), which was released in March this year, confirms this. The Labour Bureau’s latest report says that during the period 1st April to...

-Livemint.com The only way to solve the farmers’ problem is to make entry to other sectors attractive by creating employment opportunities, and to make it easy to exit farming Farmers have a bad romance with the Indian polity. On the one hand, India loves, even worships, these farmers. On the other, Indian policymakers create the most impossible regulatory environment for the agricultural sector, trapping farmers in a low-income, low-productivity occupation. The latest...

-Livemint.com Linking MSPs to a multiple of costs and ignoring other dynamics, such as demand and global prices, risks creating distortions and disincentivizing productivity Government policymaking seems to be making a volte-face from supporting consumers (by keeping food inflation low), to supporting producers (by raising food prices). In the 2018-19 Union budget, the government “decided to keep minimum support prices (MSP) for all unannounced crops of kharif at least at one-and-a-half times of...

-Frontline.in Despite its deeply flawed neoliberal perspective, Economic Survey 2017-18 is rich in detail, has many useful analytical discussions at different levels of aggregation, and would serve as a useful resource for students and scholars. When Arvind Subramanian, the present Chief Economic Adviser to the Ministry of Finance who took office way back in October 2014, presented his first Economic Survey, the one for 2014-15, there was considerable novelty on offer, at...