One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
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PHDCCI moots plan to combat GHG emissions in agriculture sector in India
-The Statesman It is imperative to cut down on emissions drastically in this decade, else the country faces the imminent danger of major calamities becoming more frequent. It remains imperative for India to rein in its greenhouse gases (GHGs) emissions considering that the country is believed to be the third largest emitter, of which 14% comes from agriculture and allied activities. It is imperative to cut down on emissions drastically in this decade,...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »WTO review backs Centre move to cut farm subsidies
-The Tribune Review skeptical about programmes such as ‘Make-in-India’ and ‘Self-Reliant India’ New Delhi: The World Trade Organisation’s review of India’s trade policies has expressed concern about the high level of government intervention in the agriculture sector. Members recognised the importance of the sector in supporting livelihoods and food security. At the same time, they urged India to reform its agricultural policies as they continue to be based on “significant levels” of domestic and...
More »Don’t ignore the women farmers -Thamizhachi Thangapandian
-The Hindu The gender gap in the agriculture sector will only widen more with the current farm laws Eminent agriculture scientist M.S. Swaminathan once said, “Some historians believe that it was women who first domesticated crop plants and thereby initiated the art and science of farming. While men went out hunting in search of food, women started gathering seeds from the native flora and began cultivating those of interest from the point...
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