-The New Indian Express Between 2006-07 and 2013-14, when the UPA was in power, there was a 90 to 205% rise in the minimum support price (MSP) of major crops, including paddy, wheat, arhar, gram, maize and masoor. NEW DELHI: After the fifth round of talks with agitating farmers, Union Agriculture Minister Narendra Singh Tomar on Saturday claimed that the current government has done more for farmers when it comes to minimum...
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Why Farmers Are Worried About New Laws; It’s The History -Monika Mandal
-IndiaSpend.com The new farm laws that aim to double farmers’ income in two years by deregulating agricultural markets may further widen the inequalities in the sector, shows our analysis of similar legislations from the past. By weakening the government’s price guarantee system, the laws may end up hurting small and poor farmers, who form 80% of the sector and 23% of those who live below the poverty line, say critics. The privatisation...
More »Hunger, nutrition are worse than before lockdown. PDS must be universalised -Dipa Sinha and Rajendran Narayanan
-The Indian Express All indications show that an economic revival will take some time — support is required during this period to at least prevent starvation. The effects of the lockdown and the resultant economic crisis continue to disproportionately impact the poor and informal sector workers. Since the lockdown, the Government of India (GoI) has announced relief packages under the Pradhan Mantri Gareeb Kalyan Yojana (PMGKY) and Atmanirbhar Bharat. However, numerous studies...
More »Prabhat Patnaik, eminent economist and professor emeritus at Jawaharlal Nehru University, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph ‘Farmers at mercy of corporates, food security threatened’ Eminent economist, professor emeritus at Jawaharlal Nehru University and activist Prabhat Patnaik traces the downward and dangerous slide of the Indian economy, from the demonetisation to the new farm bills. * The first onslaught was in the form of the demonetisation. While Amartya Sen termed this step “despotic”, Narendra Modi gushed that there would be no black money after the demonetisation. In the...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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