-TheWire.in The government has failed to provide compensation and relief to farmers for the losses suffered during the lockdown, primarily because it lacks the fiscal space. New Delhi: On Friday, finance minister Nirmala Sitharaman held her third press conference in as many days to follow up on Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore financial stimulus package. After focussing on Micro, Small and Medium Enterprises (MSMEs), and MIGrant...
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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »The War on Labour Will Blow Down the Economy -Prabhat Patnaik
-Newsclick.in The suspension of labour laws by BJP governments promotes corporate interests at the expense, not just of workers, but the rest of society, including small businesses and petty producers. Even as millions of MIGrant workers are wearily trudging back to their villages with no money, no food and no shelter, or are locked up en route in shoddy quarantine camps, a war has been unleashed on the rights of workers under...
More »Re-imagining food systems crucial for climate, economic resilience: Nutrition report -Chinmayi Shalya
-Down to Earth Novel coronavirus disease (COVID-19) pandemic pushes government to act on reforms of food systems with urgency Food systems must be inclusive, local and diverse to address food security and malnutrition and build economic and climate resilience, according to the latest 2020 Global Nutrition Report. The report — released by the Stakeholder group — placed equity as the cornerstone of all efforts to overcome global malnutrition and insisted on policy...
More »Enough with the lofty rhetoric. It’s time to let the money do the talk -Himanshu
-Livemint.com Slogans, vision statements and acronyms are unlikely to be of any help to those in distress As the details of the mega fiscal package of ₹20 trillion announced by the prime minister are slowly being revealed by the finance minister (FM), it is increasingly becoming clear that it has less to do with the immediate crisis of lives and livelihood and more to do with the long-term agenda of reforms and...
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