-TheWire.in The making of the Union Budget has been a far too secretive and hidden exercise. Social sector expenditure and allocations related to policy announcements should be matters of open ongoing debate. On December 20, 2017, a group of 60 eminent economists sent an open letter to the finance minister stating: “We are writing to draw your attention to two urgent priorities for the forthcoming budget.” The first was to increase the central...
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Aadhaar's $11-billion question -Jean Dreze & Reetika Khera
-The Economic Times blog Word has it that World Bank economists use “obviously fabricated” data from time to time. These are not Sitaram Yechury or Medha Patkar’s words, but those of Paul Romer, former chief economist of the World Bank, in a recent email exchange reported by Financial Times. Romer retracted them later, but this “may not end the controversy”, as The Economist mildly put it. This is not the first time...
More »Pesticide used by Maharashtra victims banned in Punjab -Shishir Arya
-The Times of India NAGPUR (Maharashtra): Even as the issue of pesticide inhalation deaths dog Maharashtra government, Punjab has come up with a ban on monocrotophos as well as 19 other pesticides. As a state can impose ban on a pesticide for not more than 60 days, in Punjab orders to stop issuing fresh licences as well as renewal have been issued. Accidental inhalation of pesticides led to 52 deaths in Vidarbha...
More »India 'illegally' importing genetically modified soya seeds, allege farmers and food activists -Jayashree Nandi
-The Times of India NEW DELHI: Farmer and food activists have alleged that genetically modified soya bean seeds are being imported "illegally" for cultivation, in violation of a directorate general of foreign trade (DGFT) notification of 2006 that prohibits the import of GMOs without approval from the genetic engineering appraisal committee (GEAC). Some activists have also found imported packaged foods containing GM ingredients being sold in departmental stores, one of which is...
More »Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
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