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Build a new economic imagination -Yamini Aiyar and Mekhala Krishnamurthy

-Hindustan Times Move beyond State-market, rural-urban, agri-non agri and welfare-growth binaries. They are linked This has been a difficult three months for India. The policy response to the coronavirus disease (Covid-19) and the lockdown has forced it to confront long-ignored realities about the Indian economy — its fragility, regional and spatial concentration and deep structural inequity. It also made visible sources of precarious resilience. Agriculture and associated supply chains, for instance, held...

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Key agricultural reforms cleared, farmers freed from mandis -Harikishan Sharma

-The Indian Express Calling it a “historic day for agriculture”, Union Agriculture Minister Narendra Singh Tomar said the reforms will largely free the sector from a system of inspectors and permits. New Delhi: Clearing the way for significant reforms in the agriculture sector, the Union Cabinet on Wednesday cleared three ordinances aimed at lifting restrictions on key commodities such as cereals, pulses, onion and potato, and giving farmers the freedom to sell...

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COVID-19 Lockdown: Impact on Agriculture and Rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais

-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...

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8-hour work days, and how we got there -Seema Chishti

-The Indian Express Over 150 years later, amid a pandemic and an economic crisis that has rendered several jobless, as state governments such as Gujarat, UP, Madhya Pradesh and others bring in ‘labour reforms’ that, in some cases, have suspended almost all existing labour laws, the historical background of some of these laws provide a useful context. The British brought in the system of indentured labour in 1819 via the Bengal Regulations...

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Problems farmers face are rooted in structural constraints, require regulatory intervention -Mekhala Krishnamurthy

-The Indian Express We must recognise and strengthen the diversity, dynamism, enterprise, and resilience of India’s agricultural markets. Last week, Finance Minister Nirmala Sitharaman signalled the Union government’s intention to enact a new central law that would override existing state regulations that restrict the farmer from legally selling to anyone other than a buyer licensed by the local Agricultural Produce Marketing Committee (APMC). The decision to push for a central law comes...

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