-TheCitizen.in The Farmers’ agitation starting November 26 2020, was against three Farm Laws. The Essential Commodities Amendment Act, 2020, (ECA Act) is one of them. ECA Act amends the Essential Commodities Act, 1955, (EC Act) enacted “in the interest of the general public, for the control of the production, supply and distribution of, and trade and commerce”, and more precisely, “for controlling the rise in prices or preventing the hoarding of any...
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It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
More »Odisha’s forest produce gatherers hit hard -Satyasundar Barik
-The Hindu In the pandemic, there aren’t enough buyers and government procurement is delayed For the second year running, forest dwellers across Odisha have been deprived of the right price for the Non-Timber Forest Produce (NTFP) gathered by them. With the COVID-19 pandemic disrupting local economies across the country, the NTFP market in Odisha has also suffered due to the absence of adequate buyers this year. “Last year, when the COVID-19 pandemic surfaced, forest...
More »Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik
-Newsclick.in The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact. The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
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