-TheCitizen.in 90% rise in Indian billionaires’ wealth There has been a 90% rise in Indian billionaires’ wealth over past decade. It is not accidental. The BJP led government reduced corporate income tax from 30 to 22 percent starting from the financial year 2019/20. New corporates established in India after October 2019 will only pay 15 percent. It has also provided many other opportunities, incentives and foregoing exemptions to corporations. Meanwhile the Union government...
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Finance Ministry Had Endorsed Mandi Tax, Which BJP Is Criticising to Counter Protests -Dheeraj Mishra
-TheWire.in The finance ministry had said, "Market fee is not a tax and the concerned APMC provides facilities in mandis in exchange for the amount." New Delhi: Amid the raging protests against the disputed agrarian laws passed by the Centre, a far more widespread and deeper controversy has emerged over the taxes levied across state agricultural markets. Members of the ruling Bharatiya Janata Party have been criticising the Agricultural Produce Market Committee tax...
More »What agriculture needs: Risk mitigation -Shoumitro Chatterjee
-Hindustan Times Its absence make farmers less receptive to pro-market reforms which add to income uncertainty At the heart of the debate on farm laws is the issue of the level of farm incomes. Income volatility is a key dimension important for farmers’ welfare, understanding their anxieties, and the success of a pro-market reform. The two main risks associated with farming are production risks and price risks. While production-related risks that come...
More »By amending Model Mandi Act, MP has pushed its agricultural sector into throes of uncertainty -Sunit Arora
-The Indian Express The state has posted high growth rates in the agricultural sector in recent years, but the growth has been skewed in favour of the state's irrigated parts and a small number of crops. Madhya Pradesh is primarily an agricultural state. One third of its gross state domestic product comes from this sector, half of the state’s area is used for cultivation, and 70 per cent of the total workers...
More »Beyond just persuasion -Ameya Pratap Singh
-The Hindu The protesting farmers need sincerity and accountability from the Centre, not edification In light of protests against the new farm laws, the Centre has attempted to educate farmers — a form of instrumental reasoning based on exchange of superior information and data — to convince them of the merits of its reform agenda. Since it is presumed that complex matters of economic policy are beyond the intellectual capacities of agrarians,...
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