-Down to Earth At a time when farmers strive to get the right price for crops, more money in their hands can help reignite the country's Economy In 2019, three weeks after the kharif harvesting season began, reports emerged that farmers are selling their produce at a price way below the minimum support price (MSP) announced by the government. Except for a few crops like paddy and maize, market prices for most...
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The crisis in manufacturing -CP Chandrasekhar and Jayati Ghosh
-Macroscan.org/ The Hindu Business Line The slowdown in registered manufacturing draws attention to the structural crisis afflicting the Indian Economy, which is both generalised and deep. Please click here to read more. ...
More »Pending MGNREGA wages touch Rs 745 crore in Rajasthan, Centre yet to release funds -Ronak Chhabra
-Newsclick.in The Centre had promised to release funds in a week’s time about two weeks back. At a time when the crisis-ridden Economy has pushed millions against the wall, with many not being able to make ends meet, the employment guarantee scheme (Mahatma Gandhi National Rural Employment Guarantee Act, 2005) is adding to the distress of the poor—instead mitigating it. In Rajasthan, funds that are yet to be released for the payment of...
More »PM Kisan: Tenant farmers, tillers left high and dry -Siraj Hussain
-The Hindu Business Line The PM-Kisan as a tool to prop up sagging rural demand, recording of tenancy to help the real cultivators and streamlining of agricultural subsidies could be three important themes for Indian agriculture in 2020. With the defeat in the Assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh in December 2018, the Government realised that to win rural votes in the General Elections in May 2019, it needed to...
More »Politics of exclusion and disenfranchisement is hurting investment and India's cooperative spirit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the Economy is ultimately embedded in society, institutions and politics. When these are damaged, the Economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
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