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First wheat, now rice — hit by bad weather, output could fall by ‘10 mn tonnes’ this season -Sayantan Bera

-ThePrint.in A hit to India’s rice output could lead to a major policy overhaul as it arrives on the back of a lower wheat harvest. New Delhi: After a severe heat wave in April-May singed India’s wheat crop, leading to a ban on exports, planting of rice, the main rain-fed crop in the ongoing kharif season, has been hit due to patchy rains in several states. Major rice-growing states such as Uttar Pradesh,...

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'Revdi Culture' or Govt's Basic Responsibility? What Prioritising Welfare Is Really About -Deepanshu Mohan

-TheWire.in States like Delhi (despite its unique multi-party governance architecture), West Bengal, Kerala (or even Goa and Sikkim) perform better compared to UP when it comes to being measured for securing access to basic social, economic services. In a veiled attack against BJP’s political opponents, accusing them of promising ‘freebies’ (revdi) in exchange for electoral votes, Prime Minister Narendra Modi on Saturday cautioned people, especially the youth, against this “revdi culture”, saying...

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What CAG's Nitpicking Over Kerala Worker Cess Says About the Problems With Purpose-Specific Taxes -Himanshu Upadhyaya

-TheWire.in Why should the money collected through purpose-specific cesses be funneled into a state's consolidated fund? On July 20, 2022, the Comptroller and Auditor General of India (CAG)’s report on Kerala’s finances for the fiscal year 2020-21 was tabled in the state assembly. Amongst several other observations, this report has noted how funds being kept outside the ‘Consolidated Fund’ of the state. The context here is the manner in which Kerala treats cess...

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LPG price crosses Rs.1,050, cylinder refills decline among PMUY consumers -Vignesh Radhakrishnan & Jasmin Nihalani

-The Hindu The price surge in LPG cylinders has pushed consumers to lower the number of LPG refills with 5% of the PMUY beneficiaries refilling just once per year in FY22 The price of a 14.2 kg cylinder has skyrocketed to ₹1,053 in July 2022. Though a subsidy of ₹200 per cylinder was recently announced for the Pradhan Mantri Ujjwala Yojana beneficiaries, the subsidised rate of ₹853 is still double the amount...

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Whose GDP is it anyway? -Praveen Chakravarty

-The Hindu It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework In a few weeks, a quarterly ritual will play out in India. The Government will release the first quarter’s Gross Domestic Product (GDP) growth numbers with some chest-thumping about how India is among the fastest-growing economies in the world. Opposition parties will hold press conferences on the same day to counter such bombast...

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