-Newsclick.in Govt. buys only about one third of the total rice and wheat produced and MSP is paid for that only. The recent announcement of Minimum Support Prices for 14 kharif crops including paddy and many coarse grains has been met with a frenzy of self-congratulation by the Modi govt. and the BJP, egged on by an embarrassingly sycophantic mainstream media. Many have however pointed out that the declared MSP is...
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Fact Check: Has the BJP Really Fulfilled Its MSP Promise as It Claims? -Kabir Agarwal
-TheWire.in While the government has claimed that it has fulfilled its promise of MSP at cost plus 50%, the claim is misleading. The MSPs fall short of offering returns at 50% over comprehensive cost of production, as the BJP had promised prior to 2014. New Delhi: On July 4, the Narendra Modi-led government at the Centre announced the Minimum Support Prices (MSP) for the 2018-19 kharif season. In a tweet, Narendra Modi...
More »'Jumla' tag on 'record' farm support prices -R Suryamurthy, Jayanta Roy Chowdhury and JP Yadav
-The Telegraph New Delhi: The Narendra Modi government on Wednesday raised the minimum support price for the common variety of paddy by what it described as a "historic" margin, seeking to address rural disquiet that the BJP has identified as one of its weaknesses in the run-up to key elections. However, a powerful lobby of farmers has termed it a "jumla" (an idiomatic expression that loosely translates as a hollow promise or...
More »The paradox of job growth -R Nagaraj
-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output growth rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...
More »In a Win for Activists, SC Issues Notice to Centre on Plea Challenging Foreign Political Funding -Gaurav Vivek Bhatnagar
-TheWire.in The petition before the apex court had claimed that retrospective amendments to the FCRA were meant to bail out the BJP and Congress, held guilty by the Delhi high court of accepting foreign funding. New Delhi: The Supreme Court’s notice to the Centre on July 2 seeking a response to a plea alleging that the recent amendments to the Foreign Contribution (Regulation) Act (FCRA), 2010 have opened the doors to...
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