-The Times of India NEW DELHI: For some days now, several service providers — from insurance and banking to telecom and hotels — have been sending emailers to customers warning of a GST-driven increase in prices starting July 1. Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit...
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Waiving farm loans is not only bad for the economy but also detrimental to interests of the farmer -Ram Singh
-The Economic Times blog Farmers, from Punjab in the north to Tamil Nadu in the south, have started agitations demanding farm loans be waived. The Uttar Pradesh and Maharashtra governments have already considered it politically expedient to write them off. Some other states may follow the suit. However, such decisions are as misguided as they are misleading. Nonetheless, it will be a mistake to treat the agitations as a domino effect of...
More »The best of times, the worst of times -Mihir Shah
-The Hindu Without government support, farmers pay the price for a bumper crop they labour so hard to produce The ongoing farmers’ agitation has taken on a shockingly violent form. Discussion has revolved around an apparent paradox: why are farmers rioting after a bumper crop? But any student of economics knows that prices fall after bumper harvests, which is good for consumers but terrible for farmers. This is why the government needs...
More »Modi's pet Ujjawala scheme wobbles as many beneficiaries drop out after their first LPG cylinder -Dhirendra K Jha
-Scroll.in The number of LPG connections extended under this scheme may be rising rapidly, but LPG usage is not. The aim was to free poor women from smoke-filled kitchens by giving them cooking gas connections. But one year after it was launched, the Pradhan Mantri Ujjawala Yojana seems to have run into rough weather. On paper, the central government scheme which provides free liquefied petroleum gas, or LPG, connections to below the...
More »GM Mustard should not go the BT Brinjal way -KK Narayanan
-Livemint.com Activists who are ideologically opposed to genetically modified crop technology have unleashed a virulent campaign to stall the GM Mustard cultivation Seven-and-a-half years ago, BT Brinjal, developed by two public agricultural universities, was approved for commercial cultivation by the genetic engineering approval committee (GEAC), a statutory body. BT Brinjal is inherently resistant to the notorious fruit and shoot borer (FSB) pest and therefore produces a marketable crop without the large number...
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