-AP/Bloomberg Whether Modi can raise farmer incomes without stoking inflation may determine if his economic vision is any different from the previous Congress-led govt New Delhi: Shortly after Prime Minister Narendra Modi swept to power in 2014, his first economic plan promised modern cities, manufacturing corridors and bullet TRAIns to aspirational Indians yearning to join a ‘neo middle class.’ This week his latest budget struck a much different tone, listing a slew...
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Panel proposes 70% reduction in royalty on GM cotton seeds -Sayantan Bera and Shreeja Sen
-Livemint.com The nine-member cotton seed price control committee has recommended a maximum sale price of Rs.800 for a 450g packet of Bollgard II Bt cotton seeds New Delhi: A government panel on genetically modified Bt cotton has recommended a steep reduction in royalty fees payable to technology companies, and lower seed prices. If accepted, the recommendations will benefit nearly 8 million cotton farmers in India, but may raise concerns about how India...
More »Aadhaar as money bill means less scrutiny, more haste -Zia Haq
-Hindustan Times New Delhi: It’s quite possible that in this Parliament session, India will make the transition from being a wasteful welfare state to a reformed economy that allocates scarce resources efficiently. The Modi government on Thursday introduced the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016. When signed into law, the bill will make Aadhaar -- the unique biometric identification number -- central to all social...
More »Higher education is not just about funding -Ashish Nanda
-The Hindu Business Line The Budget outlay apart, an ambience of autonomy and a focus on soft skills are just as important The Budget identifies education as one of the key pillars of its agenda. It offers support on three dimensions — reach, infrastructure, and quality in higher education. Extend reach: The Budget aims to extend the reach of education. At the post-secondary level, it focuses on expanding skill development (by scaling up...
More »Who Cares About Budget? -Ajay Jakhar
-The Indian Express Central allocations for agriculture are less important than the state budgets. I took the night TRAIn to Delhi to participate in budget-day discussions and my co-passenger, who boarded the TRAIn in ravaged Punjab, asked me a simple question: “50 farmers are committing suicide everyday; will the budget end farmer suicides?” My answer was — and still is — “No.” The Union budget is just the government’s bookkeeping exercise...
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