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Farmers bear the burden of deflation -Harish Damodaran

-The Indian Express Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities Post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season. The defining feature of Indian agriculture in the last five years — much of it under the Narendra Modi government’s tenure — has been low prices for farm produce. The accompanying...

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Finance ministry has a poor forecasting record -Sharmadha Srinivasan, Prakhar Misra and Niranjan Rajadhyaksha

-Livemint.com Given the over-optimistic revenue estimates and under-budgeted expenditure, the FinMin’s budget projections should be taken with a pinch of salt Dark clouds are gathering over the fiscal horizon. Finance minister Arun Jaitley will table an interim budget on 1 February—just weeks before India goes to polls. There’s a growing consensus among analysts that the government will miss its revenue target for the year, largely because the collections from the goods and services...

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MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years

  In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...

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Why an MP is batting for your right to refuse calls Post-office hours

-The Indian Express The Right to Disconnect Bill, 2018: NCP MP Supriya Sule has tabled a Private Members' Bill in the Lok Sabha to secure the 'right to disconnect' or refuse to reply to any call or e-mail beyond work hours or on holidays. In a bid to achieve work-life balance, Nationalist Congress Party (NCP) MP Supriya Sule Tuesday tabled a Private Members’ Bill in Lok Sabha to secure the ‘right...

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Quota for poor: Constitutional and social issues, implications - PS Krishnan

-The Indian Express Justice Jeevan Reddy in the Mandal judgment held that “a backward class cannot be determined only and exclusively with reference to economic criterion. It may be a consideration or basis along with and in addition to social backwardness, but it can never be the sole criterion...” The decision of the Union Cabinet to provide reservation of 10% for “economically weaker sections of the people who are not covered...

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