-PTI RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being “processed for their arithmetical accuracy and genuineness”. This is being done in an...
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With Latest MSP Promise, the False Narrative Surrounding Costs and Farmer Incomes Continues -Ramandeep Singh Mann
-TheWire.in The need of the hour is to set up a farmer pay commission, which can fix a minimum assured income of a farmer household. About halfway during the budget speech – while announcing the government’s plans for dealing with India’s agrarian crisis – finance minister Arun Jaitley made a rather bizarre statement. Apparently, according to Jaitley, the Modi government has already provided more than 50% margin over cost of production for...
More »Jaitley clarifies on cost parameter to calculate MSPs to be paid to farmers -Sayantan Bera
-Livemint.com The finance minister’s clarification that the government will use the A2+FL measure to determine MSPs for crops is likely to disappoint farmer organizations Finance minister Arun Jaitley said on Friday that farmers would be provided 50% returns over and above what they spend on inputs such as seeds and fertilizers and an imputed value of family labour, clearing the confusion over which measure of cost of cultivation would be used to...
More »Government mops up Rs 26,500 crore from those who didn't file tax returns
-The Times of India NEW DELHI: The government's drive, through a non-filer monitoring system, to target those who indulge in high value transactions but don't pay enough taxes has forced the filing of at least Rs 1.7 crore extra returns and helped the Centre mop up close to Rs 26,500 crore till December. In a written reply, finance minister Arun Jaitley told Parliament on Friday that for the past few years, the...
More »Is the government marketing millets right? -Ranjit K Sahu, Ravi Shankar Behera, Bidyut Mohanty & Sibabrata Choudhury
-Down to Earth India requires policy changes to make millets an effective tool against malnutrition Nutrient-rich millets, which have been a crucial part of human diet since ancient times, have lost their importance due to globally commercialised agronomic practices to produce more foodgrains. Though awareness has been growing among the public in the recent years about the health benefits of a millet-based diet—high fibre, low carbohydrate, protein-rich and gluten-free—gaps persist on several...
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