-PTI New Delhi: Prime Minister Narendra Modi today said the MSP for crops will be at least 1.5 times the production cost so as to boost farmers’ incomes and the Centre is working with states to ensure that they get the benefit of the support prices. He also said many people are spreading rumours regarding the minimum support price (MSP) and creating a gloomy atmosphere. He said all input costs would...
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GST one of the most complex, has second highest tax rate: World Bank report -Asit Ranjan Mishra
-Livemint.com GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries...
More »Dairy dreams: A not-so-white vision -Harish Damodaran
-The Indian Express The government’s projections of milk production almost doubling and incomes of farmers more than trebling by 2023-24 seem rather rosy. It took over one-and-a-half decades for India’s milk production to roughly double from 80.6 million tonnes (mt) in 2000-01 to 163.7 mt in 2016-17. But if the Narendra Modi government’s National Action Plan for Dairy Development: Vision-2022 is to be believed, it’s possible not only to achieve the next...
More »Is Narendra Modi's crop insurance scheme running aground? -Sayantan Bera
-Livemint.com The number of farmers covered under prime minister’s crop insurance scheme fell to 47.9 million in 2017-18, from a high of 57.5 million the year before, a sharp decline of 17% in just a year New Delhi: Despite the centre pumping more funds into its flagship crop insurance scheme, coverage among farmers is on the decline, according to figures released on Tuesday, indicating a decline in interest among farmers. The number of...
More »Blister that should make India choke on its coffee
-The Telegraph Mumbai: The blistered foot rattled India's financial capital so badly that it had to sit up and engage with those it had been taking for granted for so long. The BJP-led government in Maharashtra has "accepted" the demands of farmers hours after 35,000 of them, many barefooted, marched on Mumbai, braving the blazing sun for nearly a week and walking 180km. The farmers then decided to end their agitation. The key...
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