A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
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Power to the rich: India needs to talk about money in politics -Devesh Kapur and Milan Vaishnav
-Hindustan Times The issue of money in politics is a matter of pressing concern across the democratic world. Recent headlines, for instance, reveal that scandals linked with political finance irregularities dot the globe. In France, former president Nicolas Sarkozy is being investigated on allegations that his 2007 campaign received millions of dollars from late Libyan dictator Muammar Gaddafi. In Brazil, former president Luiz Inácio Lula da Silva was sentenced to a dozen years...
More »Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
More »Contract farming Act an inadequate model -Sukhpal Singh
-The Tribune Contract farming is a much-needed vehicle to bring new crops, technologies, and markets to farmers. However, the new model Act 2018 opens up agricultural markets to contracting agencies without adequate safeguards for farmers. The first attempt at reforms in agricultural markets was made by the union government with the design of a model Agricultural Produce Market Committee (APMC) Act in 2003 which provided for new market channels for farmers and...
More »Activists Unhappy With SC Judgment on Centre 'Curbing' MGNREGA Budget
-TheWire.in According to activists, the "much awaited Supreme Court judgement in the Swaraj Abhiyan PIL has let down millions of NREGA workers". New Delhi: Activists have expressed disappointment over a recent Supreme Court judgment on the timely payment of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The judgment, delivered on May 18, was delivered in response to a petition filed by NGO Swaraj Abhiyan. According to activists who are...
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