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Plough to plate, hand held by the Indian state -Mihir Shah

-The Hindu The distinct characteristics of India’s agriculture require that a reformed state must ensure farmer, consumer welfare For at least four decades now, economic policy making globally has dogmatically adhered to the notion that a progressively reduced role of the state would automatically deliver greater economic growth and welfare to the people. Since reform, by definition, is taken to mean only one thing, sector after sector is compulsively sought to be...

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Behind the politics battle, West Bengal’s slowdown economics -Sandeep Singh and Sunny Verma

-The Indian Express The anti-incumbency Banerjee faces is as much about local-level corruption and competing ideologies as it is about stalled industrialisation, weak credit growth, a near-freeze in new jobs, low infrastructure development and agriculture spend. AS West Bengal Chief Minister Mamata Banerjee fights perhaps her most significant electoral battle, framing her contest is not just BJP vs Trinamool politics — but the state’s economics as well. The anti-incumbency Banerjee faces is as...

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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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What India’s farm crisis really needs -Christophe Jaffrelot and Hemal Thakker

-The Indian Express To solve India’s deep agrarian crisis, more public investment and government support are needed, not the new farm laws The farmers’ movement invites us to revisit the trajectory of India’s agriculture so as to understand its real problems. Beginning in the mid-1960s, India and, especially, Punjab experienced a massive productivity boom as a result of widespread adoption of Green Revolution technologies. This transition was driven by public investment in...

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How Can India’s Judiciary be More Economically Responsible? -Pradeep S Mehta

-TheWire.in There is no reason for courts to not take expert assistance in complex matters and it should resort to this route more often. In India, and indeed many countries around the world, development work is seen at a crossroads with protecting the world’s natural environment. Agriculture is the oldest and biggest intrusion into nature, which has historically upset our ecological equilibrium. Besides this, forests have to be cut down; rivers have to...

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