-Press release by International Panel of Experts on Sustainable Food Systems dated 30th March, 2021 * New report sounds alarm on control of food tech, farming data, and corporate takeover of UN multilateral agencies. * Civil society and social movements can fight back, boosting post-pandemic resilience, slashing agriculture’s GHG emissions by 75%, and shifting $4 trillion to sustainable food and farming. The future planned by agribusiness giants could accelerate environmental breakdown and jeopardize...
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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...
More »The limits to India’s privatization push -Arjun Srinivas
-Livemint.com * Privatizing more PSUs is once again the flavour of the season. But data reveals govt is ignoring some hard truths * There are only a handful of sectors where a disproportionate market share and the nature of business gives government firms a case to command a premium About 10 days after the central government iterated on the floor of Parliament its resolve to privatize businesses owned by it on a scale...
More »GDP growth is being driven by larger firms. Smaller ones continue to suffer, need policy attention -Saugata Bhattacharya
-The Indian Express Policy coordination between the Centre and states will be crucial for implementing this ambitious reform agenda. The National Statistical Office will release the second advance GDP estimates for 2020-21 at the end of February. The first advance estimate had, in early January, forecasted a contraction of 7.7 per cent in 2020-21. This was due largely to an expected, sharp contraction in both industry and services. The second advance estimates...
More »Global antitrust and the challenge of Big Tech -V Sridhar
-The Hindu The issue is about checking their monopoly power while encouraging their positive externalities and consumer surplus There are ongoing investigations worldwide, including in the European Union and the United States, on the abuse of monopolistic power by the Big Tech firms, especially Facebook and Google. Many compare this with the earlier antitrust investigations in the U.S. on the telecom industry and the break-up of the AT&T dictated by the Department...
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