-The Indian Express A smooth GST regime can break inter-state barriers on movement and facilitate direct linkages between processors and farmers After more than a decade of intense discussion and debate, the GST is finally becoming a reality. Although in its current form, it is not as perfect as was originally envisaged, yet it is being lauded as one of the most transformational reforms since 1991. Finance Minister Arun Jaitley was humble...
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The politics and economics of farm loan waivers -R Sukumar
-Livemint.com Farm loan waivers are a bad idea. They were a bad idea in 2008 when the UPA was in power, and continue to be so in 2017 with the NDA in power Several parts of India are in the grip of an agrarian crisis. In part, this is because of the cumulative effect of bad monsoons. Farmers in many parts of India are still dependent on the annual rains which were deficient...
More »Tamil Nadu scales down foodgrains target
-The Times of India CHENNAI: Failure of monsoon and farmers' distress have forced the state government to scale down the target for foodgrains production for the next financial year to 100 lakh tonnes, a 32% fall from the initial target set for the current financial year. Announcing this while presenting the budget, finance minister D Jayakumar said a slew of measures was being taken to overcome the water shortage. Considering that...
More »Direct action from the Budget mandates must reflect ground realities -Purvi Mehta
-The Economic Times blog In every Union Budget presentation, agriculture is given a place of prominence. This is not surprising, given that 50% of India’s population is dependent on agriculture. Budget 2017 was no different. Both the Economic Survey and the Budget speech stressed heavily on improving agricultural infrastructure and augmenting farmer incomes. The key drivers expected to set this off are areas such as investment in irrigation infrastructure, development of mandis...
More »Time for a policy shift -Bishwanath Goldar & Arup Mitra
-The Hindu The unorganised manufacturing sector should be reoriented towards non-household units to provide efficiency gains. Ever since E.F. Schumacher, a British economist, published in 1973 his book Small is Beautiful, implying that small units are better in terms of performance indicators and labour absorption, several studies have endorsed the same idea and argued in favour of promoting small units. Stretching the argument a little further, it may be emphasised that small...
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