-The Tribune The Government on Wednesday announced three "major agriculture reforms" for farmers, including an Ordinance to promote “barrier-free inter-state and intra-state trade outside APMC market” and amendment to the Essential Commodities Act., removing commodities like cereals, pulses oilseeds edible oils onion and potatoes from list of essential commodities. Briefing about the three reforms after the Cabinet headed by Prime Minister Narendra Modi made the decisions, Agriculture Minister Narendra Singh Tomar called...
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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...
More »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...
More »Thomas Piketty, Professor of Economics at Paris-based School of Advanced Studies in the Social Sciences and expert on inequality, interviewed by Narayan Lakshman (The Hindu)
-The Hindu Nationalism is not going to solve the big problems, says the economist. If the catastrophic human toll of the ongoing COVID-19 pandemic was the first wave to strike the world this year, its severe economic consequences – including loss of livelihoods of the poor across countries, leading to massive internal displacement and starvation in many cases – have been the second wave. It is in this context that the seminal work...
More »TM Thomas Isaac, Kerala Finance Minister and a trained economist, interviewed by AM Jigeesh (The Hindu Business Line)
-The Hindu Business Line In the thick of battling the Covid-19 pandemic, the CPI (M)-ruled Kerala government gathered Opposition parties on a virtual platform to chart out a common course on livelihood issues and the economic crisis that is simultaneously unfolding. Kerala Finance Minister TM Thomas Isaac, a trained economist, told BusinessLine that India is facing an attack on economic federalism and there is urgent need for the States to combat...
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