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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How Suburban, Rural Youth are Being Sucked Into Instant Loan Apps ‘Trap’ -Sashwata Saha
-Newsclick.in Harassment by loan recovery agents hired by these apps has led to at least 21 suicides across India between 2020 and 2021. Meghna Patel took her first loan early in 2020 from an app called FlyCash, whose ads she had been seeing on Facebook. It was a small amount. Just Rs 500. She had to repay Rs 550, two weeks later. The app even had a borrowing limit of Rs 1,000. Recently,...
More »Jaideep Hardikar gives an intimate account of India’s farm crisis -Manu Moudgil
-The Tribune A farmer ends his life every 30 minutes in India. There are some who don’t end up in this pile of statistics and are saved through timely action of family and friends. Ramrao Panchleniwar, a cotton grower in Maharashtra’s Vidarbha region, is one such survivor. He wished to drown his financial worries in two bottles of insecticide in 2014. In this book titled after him, Ramrao’s life and near-death...
More »Maharashtra firm sold rice feared to be GM-contaminated: Centre -Priscilla Jebaraj
-The Hindu Union Commerce Ministry clarifies after European Commission’s charge. The Centre has identified a Maharashtra-based exporter as the source of the broken rice flagged in Europe as contaminated with genetic modifications (GM) earlier this year, the Commerce Ministry said on Wednesday. It added that the 500-tonne consignment was given a non-GMO certification by an independent agency before it was shipped to France. While reiterating that GM rice is not grown commercially in India,...
More »Samyukt Shetkari Kamgar Morcha endorses call for Maharashtra bandh
-The Hindu The Congress, the NCP and the Shiv Sena have called for a Maharashtra bandh on October 11 against the killings of the farmers at Lakhimpur Kheri Three days after all three ruling parties in Maharashtra — the Congress, the Nationalist Congress Party (NCP) and the Shiv Sena — called for a State bandh against the killings of the farmers at Lakhimpur Kheri in Uttar Pradesh, the Samyukt Shetkari Kamgar Morcha...
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