-The Tribune New Delhi: The government today said it will import 1 lakh tonnes of onion to control prices that have risen sharply to around Rs 100/kg at some places, including the national capital. While state-owned trading firm MMTC will import onion, cooperative Nafed will supply the key kitchen staple in the domestic market. This decision was taken at a meeting of a committee of secretaries held on Saturday. “The government has taken...
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Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
More »Sale of onion, pulses to continue from buffer stock: Government
-IANS The representatives of the Ministry of Agriculture said that due to Diwali, the market was closed in Maharashtra due to which the supply of onion was affected for two-three days. NEW DELHI: The Central government has directed NAFED to continue supplying pulses and onions from the buffer stock in order to keep the prices under control, an official said. A meeting was held here on Wednesday under the chairmanship of Avinash Kumar...
More »Noted Gandhian economist Dr Sudarshan Iyengar interviewed by Rutam Vora (The Hindu Business Line)
-The Hindu Business Line Noted Gandhian economist Dr Sudarshan Iyengar surveys the distressed agricultural landscape, pinpoints its weaknesses, and prescribes solutions with their roots in Gandhian agronomics. Edited excerpts from an interview to BusinessLine: * Given the agrarian crisis in India today, how relevant are Gandhi's economic principles based on the village economy, and equitable distribution of resources? They are relevant in the context of Gandhi's view of gram swaraj (village self-rule), which...
More »An unequal burden -Harish Damodaran
-The Indian Express Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit. Agriculture is a unique business that not only has high production as well as price risk, but also one where everything is bought retail and sold wholesale. This reality, moreover, extends even to Goods and Services Tax (GST): Farmers are the only businessmen today who cannot claim input tax credit (ITC) on...
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