In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, proMISed to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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Rajasthan farm loan waiver: Villagers who didn't take loans named as beneficiaries, probe on -Deep Mukherjee
-The Indian Express According to the Cooperative Department website, the three societies, which are currently under investigation, have waived loans of 3,073 farmers. Jaipur: Several residents of Govadi village in Rajasthan’s Dungarpur district on Saturday discovered that they were beneficiaries of the farm loan waiver announced by the previous BJP government in the state. However, the realisation soon led to confusion among the residents as they had never taken an agricultural...
More »Another Lifeline Smothered: MGNREGA in Shambles -Samarth Grover
-The Economic Times Even though the scheme had been ranked as the world's largest public works programme by the World Bank, it is being systematically undermined with illegal restrictions on its budget allocation, severe payment delays and low wages. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has been a tried and tested measure to target rising unemployment and ease rural distress in the country. The Rural Employment programme, which guarantees 100...
More »India's Cow Crisis Part 1: Nepal bears the brunt of India's cow vigilantism -Jitendra
-Down to Earth Hounded by cow vigilantes and trade restrictions, farmers in Uttar Pradesh's border areas abandon their unproductive cattle in Nepalese villages creating havoc there Residents of Semri village in Uttar Pradesh's Sitapur district drew a plan for "invasion" on April 2, 2018. They called a meeting of farmers and agriculture labourers to take a call on the stray cattle menace. With the state closing down illegal slaughter houses in...
More »Backdated GDP series and future growth -Ashima Goyal
-The Hindu Business Line The new series data cannot really be faulted. But it is important not to repeat the policy MIStakes that hit industrial growth The 2011-12 base backdated GDP series led to much discussion. The reduction in past growth rates gave them a political colour. It is unfortunate if the independence of the CSO and associated experts is questioned just because of this coincidence. A rebasing that uses much richer...
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