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Agriculture: Budget promises MSP 50% above cost, doesn't define which cost -Harish Damodaran

-The Indian Express Whether it is the Budget, the Swaminathan formula or the BJP manifesto, none of them has quite defined what really constitutes “cost of production”. And therein lies the nub. The Union Budget for 2018-19 has promised to fix minimum support prices (MSP) for crops to guarantee farmers at least 50 per cent returns on production costs. This is quite similar to the original recommendation of the M S Swaminathan-headed...

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26,000 Lose Access To Food After Delhi Aadhaar Move -Sukirti Dwivedi

-NDTV Many of those who did not receive rations were told to come after January 15 as the government had declared it would introduce iris scan and one time password from that day to solve the fingerprint issue. However, till date there are no signs of it, leaving people helpless. New Delhi: For 40-year-old Maya Devi's family in Delhi, survival has become a struggle as she has not been able to...

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Facing the slowdown -Kaushik Basu

-The Indian Express India’s economy is not doing well. Only carefully crafted policy reforms can turn it around The Indian government recently lowered its economic growth forecast for 2017-18 to 6.5 per cent, and there is reason to be concerned. That the economy would suffer a slowdown after demonetisation was inevitable, as all professional economists could see. But growth dropping to 5.7 per cent and 6.3 per cent in, respectively, the first...

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Budget 2018: Trade unions urge govt to focus on employment generation

-PTI The leaders claimed thousands of people had lost their jobs because of demonetisation Trade Unions want the government to allocate more funds in the Union Budget for employment generation and claimed that opening up the retail market to foreign players would lead to further loss of jobs. Though Finance Minister Arun Jaitley had said suggestions made by TU leaders during a pre-budget consultation meet last month would be considered, the leaders felt...

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Farmers seek income security law in pre-budget consultation -Gireesh Chandra Prasad

-Livemint.com At a pre-budget consultation, farmers and agriculture economists call for steps to reduce input costs New Delhi: Farmers on Tuesday urged finance minister Arun Jaitley to statutorily ensure income security for them and simultaneously take steps to reduce input costs and thereby make farming profitable. The suggestions from the Consortium of Indian Farmers Associations (CIFA) and agriculture economists was made at the first of the pre-budget consultation. “The median agriculture income is...

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