-NDTV Earlier this week, huge framers' protests were held over the bills, especially in Punjab and Haryana, states that are dubbed the grain bowl of the country. New Delhi: All three controversial farm bills that are at the centre of a huge political storm and cost the ruling BJP its alliance with the Shiromani Akali Dal, became Laws on Sunday with the signature of President Ram Nath Kovind. Flagging them as "historic"...
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The men behind APMC, MSP and procurement -Harish Damodaran
-The Indian Express The idea of a Minimum Support Price for crops came first from a visiting US soil scientist and fertiliser expert The institution of ‘mandis’ is as old as markets where wholesale trading in primary produce has been taking place since time immemorial. APMCs or Agricultural Produce Market Committees are of more recent vintage and the creation of Sir Chhotu Ram. In 1939, the legendary farmer leader, as Development Minister in...
More »Bengal worries about bill fallout on PDS source -Pranesh Sarkar
-The Telegraph Laws to hit procurement, say officials Calcutta: Three farm reform bills passed by Parliament recently may play havoc with the public distribution system in Bengal as the state government’s procurement programme is likely to get affected because of entry of big players. The Farmers’ Produce Trade And Commerce (Promotion And Facilitation) Bill, The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill and The Essential Commodities (Amendment) Bill...
More »Explained: What is the basis of MSP? How is it fixed, and how binding is it? -Harish Damodaran
-The Indian Express The newly passed farm trade Bill has raised concerns that farmers may no longer be assured MSP for their crop. But MSP isn’t even mentioned in the new Law or in existing ones. How is it fixed, and how binding is it? The recently enacted Law that dismantles the monopoly of APMC (agricultural produce market committee) mandis, thereby allowing sale and purchase of crops outside these state government-regulated market...
More »Centre used GST compensation cess elsewhere, violated Law: CAG
-PTI/ The Hindu The CAG findings run contrary to Finance Minister Nirmala Sitharaman’s submissions in Parliament last week that states could not be compensated for revenue shortfall from the Consolidated Fund of India (CFI) relying on an opinion from the Attorney General of India which stated that there was no such provision in the Law. The CAG has found that the Union government in the very first two years of the GST...
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