-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...
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The RBI’s ‘weighty’ food problem -Abhiman Das
-The Hindu Business Line The food articles’ high weight and their Price volatility have reduced the efficacy of the central bank’s policy actions The flexible inflation targeting framework adopted by RBI in 2016 is considered a significant economic reform in India post 2000. Under this framework, maintaining a 4 per cent CPI headline inflation gets the highest priority in the hierarchy of monetary policy objectives. This rule based policy making renders monetary...
More »Farmers' Protests: An Opportune Moment to Review the Development Model of Land Grabbing -Vasundhara Jairath
-TheWire.in Engaging with the agrarian question must necessarily mean questioning the development model that is hungry for land but spits out the people that live on it. Over the last few weeks, images of farmers from Punjab, Haryana, and Uttar Pradesh engaged in pitched battles against the police, and by extension the state, have caught the nation’s attention as it forced the government into unconditional talks with a broad coalition of farmers’...
More »Bihar Shows What Happens if Agri-Trade is Left to ‘Free Market’ -Subodh Varma
-Newsclick.in In 2006, chief minister Nitish Kumar scrapped the APMC Act in Bihar and the destructive effects can be seen in the seething anger amongst farmers. What the Narendra Modi government recently did through passing laws to deregulate agricultural trade, Bihar chief minister Nitish Kumar had accomplished 14 years ago, in 2006. Soon after becoming chief minister in alliance with Bharatiya Janata Party (BJP), he scrapped Bihar’s Agricultural Produce Marketing Committee (APMC)...
More »Can MGNREGA be a tool for post-COVID-19 rural recovery -Shilp Verma
-Down to Earth Agriculture is the least-affected sector of the economy. It is poised to gain and lead economy’s revival process ‘Year of COVID-19’— this is how 2020 is probably going to be remembered. It has been more than six months that the novel coronavirus disease has been dominating public discourse, news cycles, internet searches and even geopolitics. As on July 8, 2020, India had more than 0.7 million cases. It was among...
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