-DNA Most of Europe avoided the fate of India, because of a very strict feudal law — that of following primogeniture, a system of inheritance by the firstborn (usually the first born son). Karnataka — preceded by UP, Punjab and Maharashtra — is the fourth state to have waived off loans taken by farmers. However, this is not going to be the end of the matter. You are likely to...
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Farmer protests: Over-reliance on a single crop has cost them dear -Mihir Shah
-Hindustan Times India needs a paradigm shift in agriculture for economic and ecological sustainability Whenever flashpoints are reached, such as the current farmers’ agitation, there is a clamour for immediate palliatives. This is understandable, as those in acute distress need relief. But what we must not overlook are the profound possibilities of reform that such crises open up. Take Madhya Pradesh (MP), the epicentre of the agitation, which best exemplifies the required...
More »Political economy structures perpetuate myopic understanding of agriculture sector -Nirvikar Singh
-The Financial Express A half-dozen years ago, I participated in a conference on water resource challenges in India. I remember Upmanu Lall, professor at Columbia University, graphically and bluntly making the point that Punjab’s water table was not far from collapse. This has been known for years, and there have been feeble efforts to deal with the problem, but they have been far short of what is needed. My own understanding...
More »Why shouldn't rich farmers pay? -Mukesh Butani
-The Economic Times blog Finance minister Arun Jaitley was correct when he stated in April that constitutional constraints do not empower his government to tax agricultural income, implying that he is not constrained from amending the Income-Tax Act. B R Ambedkar, in framing the Constitution, was vehemently critical of British land revenue system, the foundation for which was laid during the Mughal period, and strengthened by the East India Company, which...
More »GST rate: Fertilizers to come under 12% tax slab, prices likely to rise -Sayantan Bera
-Livemint.com The GST Council has fixed a 12% GST rate on fertilizers, up from the current 4-8% rates, depending on raw materials used and in which states the products are sold New Delhi: India’s landmark tax reform, the goods and services tax (GST), may not be good news for farmers. Retail prices of commonly used fertilizers and micronutrients are likely to increase, not only raising the cost of cultivation but also leading...
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