-The Indian Express Third tranche of COVID-19 economic package: Not only can farmers sell to anyone and anywhere, but traders and processors, too, will be able to freely buy, stock and move any quantity of agri-produce within the country. Barely seven months after imposing limits on the maximum quantity of onion any wholesaler or retailer could keep, the Narendra Modi government on Friday announced what may turn out to be a defining...
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Migrant Workmen Act, 1979, must be rationalised to remove requirements that disincentivise formalisation -KP Krishnan, Anirudh Burman & Suyash Rai
-The Indian Express The Act was enacted to prevent the exploitation of inter-state migrant workmen by contractors, and to ensure fair and decent conditions of employment. The fallout of the lockdown in order to reduce the spread of COVID-19 highlights the urgent need to rationalise the legislative framework for labour in India. Migrant labour has been among the worst affected due to the lockdown. Their efforts to leave the cities before the...
More »Complaints against PDS dealers in Jharkhand, Bihar amid food crisis -Abhishek Angad & Santosh Singh
-The Indian Express In Jharkhand and Bihar, the food crisis triggered by the lockdown has put a spotlight on an old problem — leakages and corruption in the the Public Distribution System. Patna, Ranchi: Earlier this week, Jharkhand’s grievance helpline 181 received four calls from Palamu on a single day. All the callers had a similar complaint: though the state had promised 70 kg rice in April, their ration dealer in Medininagar...
More »Economic liberalisation and its faults -KM Gopakumar & Ranja Sengupta
-The Hindu The virus reveals how dependence on private sector-led economic growth has proved to be disastrous Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...
More »Listing LIC could make its investments riskier -Aunindyo Chakravarty
-The Tribune LIC is India’s biggest stock-market investor. Once listed, it might be tempted to increase its exposure to equities. We know what that did to India’s most popular mutual fund in the late 1990s. UTI’s US-64 collapsed because it had made too many risky investments. Most of 20 crore small investors never recovered investments A few years ago, I was part of a jury to select the best businesses in India...
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