-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...
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India loses natural resources to economic growth: report -Kiran Pandey
-Down to Earth 11 states have registered a decline in natural capital between 2005 and 2015 Growth doesn’t always come at a price. But it did when it comes to India’s economic growth, which took a toll on its natural assets like forests, food, clean air, etc. A report on environment accounts released by the Ministry of Statistics and Programme Implementation has revealed this state. In fact, it says that when the...
More »Balancing conflicting claims -C Rangarajan & DK Srivastava
-The Hindu The 15th Finance Commission has to take a call on the degree of equalisation that’s feasible In the context of the Terms of Reference (ToR) of the 15th Finance Commission (FFC), certain key aspects relate to (a) the mandate for using the 2011 population; (b) ‘whether revenue deficit grants’ be given at all; (c) the impact of the goods and services tax (GST) on the finances of the Centre and...
More »Farmers' protest in Maharashtra, MP: Both BJP-ruled agrarian states need long-term policy measures -Nalini R Mohanty
-Firstpost.com After Maharashtra, Madhya Pradesh has now been rocked by farmer unrest. At least six farmers were killed and eight others were critically injured on Tuesday when the police resorted to firing to subdue the protesting farmers in Mandsaur in Madhya Pradesh. In both Maharashtra and Madhya Pradesh, the farmers’ demands are almost similar: they want complete farm loan waiver as a short-term palliative and secondly, institutionalised mechanism for getting better prices...
More »Delhi Govt presents Rs. 48,000-cr Budget for 2017-18
-PTI New Delhi: A Rs. 48,000-crore Budget for the national capital was presented today by the AAP Government, laying major focus on improving transport, health, water distribution and education infrastructure. In its third Budget, the Arvind Kejriwal Government abolished the Plan and non-Plan expenditure heads and presented it in terms of revenue and capital classification in line with the Centre’s decision. There was no proposal on levying any new tax. 'Outcome budget' In a first,...
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