-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
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Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan
-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...
More »From plate to plough: A barren field -Ashok Gulati & Shweta Saini
-The Indian Express NDA government’s plans for agriculture are still to bear fruit As the Modi government celebrates two years in office, any review of its functioning will be incomplete without examining its record on the farm front. In the two years (FY15 and FY16), while the economy grew at 7.2 per cent and 7.6 per cent respectively, agriculture and the allied sector grew at -0.2 per cent and 1.1 per cent....
More »Poll-bound states report surge in MGNREGA job numbers -Shalini Nair and Harish Damodaran
-The Financial Express West Bengal, Assam and Tamil Nadu — states that are currently in assembly elections mode — have registered huge spurt in job numbers under the Mahatma Gandhi National Rural Employment Generation Act (MGNREGA). West Bengal, where the Trinamool Congress under Mamata Banerjee is fighting to retain power, saw a record 28.66 crore person-days of employment being generated under MGNREGA during the year ended March 31, 2016. This represented a...
More »Subsidies to farmers help agriculture? Perhaps not
-The Financial Express Rising dole hits both investment and productivity With around Rs 175,000-180,000 crore of annual expenditure on agriculture subsidies, the government probably feels it is doing a lot for the farmers and, come election time, will probably boast about it to get the rural vote. Yet, as an Icrier analysis at its ‘Supporting Indian farms the smart way’ workshop shows, not only is the rising subsidy not helping agriculture as...
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