-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”...
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Narendra Modi government's farm policies off target: study
-The Hindu Report says it’s consumers who benefit from them more than farmers Despite the general perception that Indian farmers are beneficiaries of major subsidies, a new report says the overall effect of policy interventions between 2014 and 2016 is, in fact, a 6% annual reduction of gross farm revenues. Consumers, on the other hand, pay an average 25% less for commodities as a result of policy interventions. According to researchers at the...
More »The food economy: A Catch-22 for policymakers
-Livemint.com The best way to double the real incomes of Indian farmers would be to halve their numbers through job creation in other parts of the economy The Narendra Modi government last week announced sharp increases in minimum support prices (MSPs) for a variety of farm products. The move itself is not unexpected. The first sign that the Modi government would shift away from its earlier strategy of minimal hikes to douse...
More »MSP For One Third of Total Production. What About the Rest? -Subodh Varma
-Newsclick.in Govt. buys only about one third of the total rice and wheat produced and MSP is paid for that only. The recent announcement of Minimum Support Prices for 14 kharif crops including paddy and many coarse grains has been met with a frenzy of self-congratulation by the Modi govt. and the BJP, egged on by an embarrassingly sycophantic mainstream media. Many have however pointed out that the declared MSP is...
More »Modi Government's 'Historic' MSP Hike Is Nothing More Than a Band-Aid for Farmers -Ishan Anand
-TheWire.in Not only has year-on-year MSP growth been much higher in previous years, the government still remains silent on how it will manage to increase procurement. The Narendra Modi government recently approved the decision to hike the minimum support price (MSP) for the kharif marketing season for 2018-19. The MSP for paddy has been increased by Rs 200 per quintal, and the MSP has gone up for other crops too. The minister of...
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