-The Indian Express I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. After my last op-ed in this paper (The safety net of the future) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed...
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Right to Food Campaign criticizes Jharkhand Government's move to reduce the number of eggs in School Midday Meals
-Press release by Right to Food Campaign dated 16th January, 2019 It is shocking to learn that Jharkhand Government has decided to reduce the number of weekly eggs in school midday meals from three to two. Earlier, the government allotted Rs 4 per egg. With increase in price of eggs, it has revised the allotment to Rs 6 per egg. But instead of increasing the total Budget commensurately with the inflation...
More »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...
More »Worst price slump in 18 years shows scale of farm crisis -Roshan Kishore
-Hindustan Times The agrarian crisis is one of the factors that may have resulted in the BJP’s loss in three Hindi heartland states of Chhattisgarh, Rajasthan and Madhya Pradesh in December, according to analysts, and the party clearly doesn’t want it to affect its prospects in the 2019 parliamentary elections. New Delhi: This financial year, 2018-19 could end up being the worst year for farm incomes in almost two decades, government data...
More »Farmers package in the works: Income support scheme and interest-free loans -George Mathew & Sunny Verma
-The Indian Express As there are 21.6 crore small and marginal farmers — most of whom are not in a position to repay the loan or put collateral — such a scheme is the only way to support their fund requirements, apart from ensuring market prices for their produce. Mumbai: The NDA government is considering a package of proposals for the distressed agriculture sector that includes interest-free loans, loans without collateral...
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