One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
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Centre vs Punjab: Farmers miss out on incentive to not burn stubble -Vivek Mishra
-Down to Earth Thrice GoI has returned Punjab’s proposal of giving Rs 2,500 per acre to small, marginal farmers even as they demand Rs 6,000 per acre As many as 361,850 small and marginal farmers in Punjab did not receive state incentives for stubble management in the last one year due to paucity of funds. The northern state’s request for financial stimulus to pay this incentive was turned down by the...
More »How Suburban, Rural Youth are Being Sucked Into Instant Loan Apps ‘Trap’ -Sashwata Saha
-Newsclick.in Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021. Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook. It was a small amount. Just Rs 500. She had to repay Rs 550, two weeks later. The app even had a borrowing limit of Rs 1,000. Recently,...
More »Maharashtra firm sold rice feared to be GM-contaminated: Centre -Priscilla Jebaraj
-The Hindu Union Commerce Ministry clarifies after European Commission’s charge. The Centre has identified a Maharashtra-based exporter as the source of the broken rice flagged in Europe as contaminated with genetic modifications (GM) earlier this year, the Commerce Ministry said on Wednesday. It added that the 500-tonne consignment was given a non-GMO certification by an independent agency before it was shipped to France. While reiterating that GM rice is not grown commercially in India,...
More »TN destitute misses demonetisation bus, loses life savings -Sivaguru S
-The New Indian Express One such person, A Chinnakannu, a visually-impaired destitute man from Krishnagiri, recently got a shock on hearing his savings of Rs 65,000 are now worthless. KRISHNAGIRI: It’s been about five years since Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 notes, but apparently, there are people who’ve just received the news. One such person, A Chinnakannu, a visually-impaired destitute man from Krishnagiri, recently...
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