-The Indian Express Agrarian crisis is an opportunity, for the government that assumes office after elections, to enact a law giving farmers the right to sell any quantity of their produce to anybody, anywhere and at any time. The German obsession with sound currency has been conditioned by the collective memory of the Great Hyperinflation of 1922-23, just as American intolerance to double-digit unemployment and stock market crashes is traceable to...
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Environment Ministry plugs loophole that allowed plastic waste import -Jacob Koshy
-The Indian Express PET bottles imported for processing in SEZs had increased substantially. New Delhi: The government has plugged a loophole that allowed the import of plastic waste into India for processing. “…Solid plastic waste has been prohibited from import into the country including in Special Economic Zones (SEZ) and by Export Oriented Units (EOU),” the Ministry of Environment, Forest and Climate Change (MoEFCC) said in an order made public on Wednesday. The...
More »US, Canada may object to India's quantitative cap on pulses Imports -Rutam Vora
-The Hindu Business Line Senior Commerce Ministry official says discussions will be conducted before a dispute is filed at WTO Ahmedabad: India is set for another trade face-off with the United States and Canada at the World Trade Organisation (WTO). According to a senior Union Commerce Ministry official, the US along with Canada is likely to raise objection at the WTO opposing quantitative cap on pulses Imports. This is separate from the objections...
More »Farm subsidy to loan waivers: A race to compensate farmers for their losses -Ashok Gulati
-Financial Express With elections approaching, every party is swearing by farmers and trying to woo them for their votes. The Modi government has already announced a package of Rs 75,000 crore for about 12.6 crore small and marginal farmers. While in absolute terms it looks sizeable, when it is divided by the number of farm families to be covered, it is miniscule—just `6,000 per family per year, which is about 6%...
More »Farmers bear the burden of deflation -Harish Damodaran
-The Indian Express Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season. The defining feature of Indian agriculture in the last five years — much of it under the Narendra Modi government’s tenure — has been low prices for farm produce. The accompanying...
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