-The Indian Express That’s the actual liquidity pumped into rural areas by government post lockdown – through grain procurement, PM-Kisan and MGNREGA wages. There are many parallels one can draw between the novel coronavirus-induced lockdown (gharbandi) and demonetisation (notebandi), in terms of their impact on India’s farm economy. Both resulted in the same thing – demand destruction – albeit through different routes. Notebandi caused a haemorrhaging of liquidity from the predominantly cash-based farm...
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Can India decouple itself from Chinese manufacturing? -Ananth Krishnan
-The Hindu India faces challenges linked to infrastructure and skill sets; and its policies are unpredictable The border clashes with China and the COVID-19 pandemic have reignited questions about India’s dependence on Chinese manufacturing. India’s imports from China in 2019-2020 reached $65 billion, out of $81 billion two-way trade. Is the pandemic, as Union Minister Nitin Gadkari said last month, a “blessing in disguise” for Indian manufacturing? Will companies be able to...
More »Punjab: Labour Shortage in Lockdown Reveals Fissures in Farm Economy Ahead of Paddy Sowing Season -Vivek Gupta
-TheWire.in Panchayats and labour workforce unions have openly traded barbs over a move to cap paddy transplant wages in several villages. Chandigarh: “This time paddy transplant rates in our village will not be more than Rs 2,700 per acre. If anyone pays more than what is decided, he will be fined Rs 5,000,” said an elderly man, as he addressed a gathering in Gharyala Kurd village in Punjab’s Taran Taran district, approximately...
More »Diluting Laws Will Mean More Casual Labour – and That's Not a Good Thing -Anjana Thampi and Ishan Anand
-TheWire.in No job contract means lower pay and longer hours. In a desperate bid to encourage investment, several states have made sweeping changes to labour laws over the past month. A number of states have extended the maximum daily work hours from nine to 12, removed the requirement to pay minimum wages, diluted safety norms, restricted the rights of workers to unionise and made it easy for employers to fire workers. While netas...
More »Problems farmers face are rooted in structural constraints, require regulatory intervention -Mekhala Krishnamurthy
-The Indian Express We must recognise and strengthen the diversity, dynamism, enterprise, and resilience of India’s agricultural markets. Last week, Finance Minister Nirmala Sitharaman signalled the Union government’s intention to enact a new central law that would override existing state regulations that restrict the farmer from legally selling to anyone other than a buyer licensed by the local Agricultural Produce Marketing Committee (APMC). The decision to push for a central law comes...
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