-The Indian Express Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill: The government has sought to project the farm Bill as “creating an ecosystem” where farmers will enjoy the “freedom of choice” to sell to anyone, anywhere in the country. On many occasions, it isn’t the law but what it appears to convey and the context in which it is framed that holds relevance. This certainly is the case with the...
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The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
More »Food Consumption Trends Point at Real Income Decline Before Pandemic -Prabhat Patnaik
-Newsclick.in Why has there been a tendency toward persistent ‘excess supply’ in the Foodgrain market when growth rate of Foodgrain output has barely exceeded the population growth rate? The pandemic and the lockdown are certainly causing an absolute shrinkage in the gross domestic product (GDP) of the Indian economy. But these tend to obscure something very serious that was happening even earlier, namely, a real income decline for vast numbers of working...
More »Foodgrain stocks fall marginally despite PMGKAY -Harish Damodaran
-The Indian Express For July 1, the normative minimum stocks to run the targeted public distribution system (TPDS) and other welfare schemes, plus maintain a strategic reserve over and above that, are 27.58 mt of wheat and 13.54 mt of rice. Despite efforts at disposing of surplus Foodgrains – including by distributing these free under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and a special scheme for migrant labourers returning to...
More »Only 13% of allocated free food grain handed out to returning migrant workers, reveals govt data -Harikishan Sharma
-The Indian Express Eleven states and one UT did not distribute even 1 per cent of the quantity they had lifted to the beneficiaries during June. These are Andhra Pradesh, Goa, Gujarat, Jharkhand, Ladakh, Maharashtra, Meghalaya, Odisha, Sikkim, Tamil Nadu, Telangana and Tripura. Only 13 per cent of 8 lakh metric tonnes of free food grains allocated for returning migrant workers under the Atmanirbhar Bharat package have actually reached migrants during May...
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