-CaravanMagazine.in In the cover story of The Caravan’s March 2021 issue, “Mandi, Market and Modi,” Hartosh Singh Bal reported about the Indian government’s efforts to remake India’s agricultural Economy for large private players. In the following excerpt from the story, Bal traces the infrastructure that the Adani group have already built to store, transport and market agricultural produce. There has been considerable conversation around what the entry of private buyers in procurement...
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Why Punjab finally relented on direct payment for farmers at 2-hour meet with Piyush Goyal -Chitleen K Sethi and Samyak Pandey
-The Hindu Rabi marketing season kicks off in Punjab Saturday but, until Thursday, the state and central governments had been locked in a tussle over the mode of payment to farmers. Chandigarh/New Delhi: A “threat”, some fireworks, and a concession — it was after a super-charged two-hour meeting between its ministers and Union Consumer Affairs, Food and Public Distribution Minister Piyush Goyal Thursday that Punjab finally agreed to introduce direct benefit transfer...
More »During COVID-19 pandemic, India’s debt to GDP ratio increased from 74% to 90%, says IMF
-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...
More »An effective migrant labour policy must consider where existing labour laws fail -Priya Deshingkar
-The Indian Express Niti Aayog’s draft policy is a good start which could, with a few adjustments, reduce the vulnerability and risks faced by labour migrants and ultimately build a more sustainable model of development. The Niti Aayog’s draft Migrant Labour Policy is a clear statement of intent to better recognise migrants’ contribution to the Economy and support them in their endeavours. It puts forward several radical ideas, including the adoption of...
More »Expected growth of 12.5% for India but “ very severe downside risks” due to COVID wave: IMF -Sriram Lakshman
-The Hindu Averting divergent outcomes would mean “resolving the health crisis everywhere” the report says After an estimated contraction of 8% in the fiscal year that ended March 31, India is projected to grow at 12.5 % during the current year, settling down to 6.9% growth year (FY22/23), according to the World Economic Outlook (WEO): Managing Divergent Recoveries, released by the IMF as the World Bank IMF Spring Meetings kick off virtually....
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