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Tracing the economic roots of discontent among farmers -Roshan Kishore

-Hindustan Times Farmers have experienced a growing mismatch between their production efforts and incomes under the Narendra Modi government. The coming union budget will have to find a balance between two contradictory FDs: farm-distress and fiscal discipline. The choice is not going to be an easy one. Ignoring farm-distress in the last full-fledged budget before elections could be politically suicidal. Meanwhile, there are at least two things that could make the government slip...

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Will FM Arun Jaitley give a rural touch to Budget 2018 or will he hold on to fiscal prudence? -Shantanu Nandan Sharma

-The Economic Times After Gujarat returned the ruling BJP with a slim margin, the chorus of the establishment was "jo jeeta wohi sikandar" (He who wins is the king). It seemed apt, considering that the party retained Prime Minister Narendra Modi's home state, bunking anti-incumbency of 22 years. But opposition wags responded with "jo sikha wohi sikandar", he who learns will be king, in 2019, in the next general elections. Rural Gujarat,...

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Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)

-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...

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Only 15% landholders earn 91% of total national income -Richard Mahapatra

-Down to Earth Income inequality makes agrarian crisis challenging; inequality is worse among farmers than the formal economy Economists Lucas Chancel and Thomas Piketty recently concluded after a long study that inequality is at its peak in India. It is embedded in popular conscience: “Top 1 per cent of earners captured 22 per cent of total income in the country.” Their study–covering consumption, government accounts and income tax data from 1922...

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Agriculture ministry differs with CSO over estimated growth of farm sector

  The Ministry of Agriculture and Farmers Welfare has contended that the growth in real Gross Value Added (GVA) by the agrarian sector will not decline in 2017-18 vis-à-vis 2016-17 as has been predicted by the Central Statistics Office (CSO). The first advance estimates of CSO show that the growth rate in GVA at basic price (at 2011-12 prices) of the 'Agriculture, forestry & fishing' sector is likely to dip from 4.9...

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