-The Indian Express Raising agricultural exports requires the government to unburden policy of consumer bias. A balance should be struck between meeting the needs of food-insecure consumers and income-insecure farmers. The Agriculture Minister, Radha Mohan Singh, recently tweeted about the government’s resolve to increase the value of the country’s agricultural exports to $100 billion by 2022-23. The Dalwai Committee Report on doubling farmers’ incomes also talked of a similar target. It said,...
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Economic Graffiti: Why morality matters to economics -Kaushik Basu
-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font starts out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....
More »Unseasonal rains: Little impact on rabi output, say officials
-The Financial Express The recent spell of unseasonable rains and hailstorms in a clutch of northern states haven’t had any major adverse impact on the rabi crop being harvested, officials claimed, based on field reports. The agriculture ministry has been expecting all-time high foodgrain production of 277.5 million tonnes in 2017-18 crop year (July-June) on good distribution of monsoon rainfall last year, even though pan-India rains were just 95% of the...
More »Farm distress: direct income support 'less distortionary', says ICRIER study -TV Jayan
-The Hindu Business Line New Delhi: Giving direct income support (DIS) to farmers — similar to what Telangana recently launched — may be a better option than the price deficiency payment (PDP) scheme or higher minimum support price (MSP) to address farm distress, according to a new study. Paying higher MSP based on cost-plus pricing would lead to market distortion. PDP schemes such as Bhavantar Bhugtan Yojana (BBY), which was in force...
More »As labour-intensive sectors take a hit, exports dip in March
-The Hindu Business Line Trade deficit widens as imports rise; exporters worried about future New Delhi: A fall in exports of gems & jewellery, petroleum products, readymade garments and farm products pulled down India’s overall exports (year-on-year) by a marginal 0.6 per cent to $29.11 billion in March 2018. Exporters are worried as several of the sectors that have taken a hit are labour-intensive, which they say is due to liquidity problems. Exports, however,...
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