-The Indian Express The budget should have shown how serious it was about inclusive growth by announcing direct cash support to informal workers, circular migrants, agricultural labour, in addition to steady in-kind food transfers from the overflowing coffers of the FCI by making PDS universal. India’s annual budget, announced amidst much anticipation, focused on health as one of its key pillars. The fact that health and “inclusive growth” found their way into...
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A Budget blueprint for difficult times -Manmohan Singh, P Chidambaram and Praveen Chakravarty
-The Hindu Alarming inequality, failing health care and border tensions loom large and the economic situation needs full attention As the country prepares to enter a new financial year after an ominous and gloomy 2020-21, there are great expectations about green shoots and the shape of the economic recovery. The havoc wreaked by the novel coronavirus pandemic on people’s lives and livelihoods is deep and enormous. The impact of the COVID-19 induced...
More »Strengthening the MSP System -MS Sriram
-Newsclick.in The MSP system has long been the central topic of discussion in agricultural reforms. The MSP system has long been the central topic of discussion in agricultural reforms. Demystifying its pros and cons, PROF M S SRIRAM writes on what we can learn and do to make MSP an effective mechanism that empowers farmers. ARGUMENTS against a statutory minimum support price (MSP) have hovered around the following lines: The MSP benefits only a...
More »Financial boom at a time of economic stagnation -Sunanda Sen
-The Hindu The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation. Enumerating the facts in India’s major secondary Stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on...
More »First rice, now wheat: India rides on global grain trade bandwagon -Harish Damodaran
-The Indian Express The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years After rice, India is set to turn a major exporter of wheat as well – thanks to surging international prices from Chinese stockpiling and ultra-low interest rate...
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