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Wholesale inflation surges to 30-year-high at 14.23 per cent

-The Telegraph The November figures stand out vis-a-vis a modest 2.29 per cent in the same month last year Wholesale inflation spiked to a 30-year high at 14.23 per cent in November — a level that hasn’t been seen since India embraced economic liberalisation in 1991. The surge was led by a vault in the prices of food, fuel and power, basic metals and chemical products. Inflation based on the wholesale price index (WPI)...

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How MGNREGS is Gradually Being Choked of Funds -Prabhat Patnaik

-Newsclick.in The Narendra Modi government has carried the practice of making low budgetary allocations for MGNREGS to its limit. The Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGS was introduced by the United Progressive Alliance-I government despite opposition from the neo-liberal lobby within it, owing inter alia to the active intervention of the Left, which was supporting that government from outside. The scheme was restrictive from the beginning: it promised a maximum...

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How feasible is MSP as a legal right? The good, the bad and the impossible -Vivek Kaul

-Newslaundry.com Given that the issue is so political, all nuance has gone out of the window. A deepdive on what the demand actually means for the government and farmers. In her new book Cogs and Monsters—What Economics is and What It Should Be, the British economist Diane Coyle uses the word nuance thrice. She writes that “politics and nuance are strangers”. And that “the eye of the public is caught, by confident statements...

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The three farm laws were never a solution -Sudha Narayanan

-The Hindu True agricultural reform rests with local governments, and States need to go back to the basics and expert suggestions The recent announcement by the Prime Minister that the Union Government would seek to repeal the three Farm Laws in the winter session of Parliament has prompted diverse reactions. On November 29, the first day in Parliament, the Farm Laws Repeal Bill was passed in the Lok Sabha without discussion. These...

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MSP committee to be formed, now go home, says Union agri minister; not so fast, say farmers -Amit Bhardwaj and Sreya Chatterjee

-IndiaToday.com On Saturday, Union agriculture minister Narendra Singh Tomar said that PM Modi has announced the constitution of a committee to look into the MSP issue. He urged the protesting farmers to "go home". However, the farmers said they need more clarity. On Saturday, Union Minister of Agriculture and Farmers' Welfare Narendra Singh Tomar said that PM Modi has announced the constitution of a committee to make the minimum support price (MSP)...

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