-Newsclick.in Through “nationalised banks-NBFC” deals, the Modi government is trying to achieve what the three farm laws could not achieve. In colonial times, the peasantry had to borrow from private moneylenders. According to Provincial Banking Enquiry Committee reports, these moneylenders in turn borrowed from commercial banks. But while disbursing credit to the peasants and charging exorbitant interest rates, the money lenders at least bore the whole of the lender’s risk. The banks...

-Newsclick.in A guaranteed MSP system will also reduce public storage costs/wastage if it is complemented by a universal public distribution system. The year-long protest by farmers and workers compelled the Centre to repeal the three contentious farm laws, which were designed to further corporate encroachment in agriculture, on November 29. On December 11, the protest ended but not before the protesters reiterated their demand for a legal guarantee on Minimum Support Price...

-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex...

-Scroll.in We must remember that there is no one such thing as ‘Indian agriculture’ whenever we discuss reforms. Multiple models need to be discussed. On Monday, Parliament cleared a bill to repeal the three farm laws that had gripped Indian politics for much of the past year. Passed in September 2020, the laws were meant to allow much greater play of corporate capital in Indian agriculture. However, the laws also sparked fears...

-Newsclick.in It is the first significant reverse suffered by the government, which is promoting neoliberalism at breakneck speed. The announcement of the repeal of the three farm laws almost a year after farmers launched a massive movement against the Narendra Modi government’s contentious decision in which 671 protesters lost their lives is a setback to the neoliberal move, which intended to further corporate encroachment in agriculture. The organisations leading the struggle have argued...