-The Economic Times NEW DELHI: The Modi government has slashed the minimum support price of seven of the 11 products covered under minor forest produce collected by tribals in remote forest areas. The decision comes three years after the previous Congress-led UPA government fixed the MSP for these products for the first time. “The decision had to be taken because MSPs had been fixed on the higher side and needed to be rationalised....
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Much to farmers' dismay, Centre slashes prices of non-timber forest products -Anupam Chakravartty
-Down to Earth Modi government’s attempt at rationalising prices of forest products is likely to hit Adivasi farmers the most At the time when there has been demand for increasing the minimum support prices for various agricultural products, the NDA government has gone ahead and slashed the prices of forest produce on which livelihoods of several forest-dwelling tribes depend. Stating the need to rationalise the minimum support price (MSP) as they...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Small farmers, farm workers bear the brunt as cash becomes scarce
-The Hindu Stories of distress, following a year of drought and now demonetisation, reverberate through State BENGALURU: First, the water in their fields disappeared, and now, the cash in the market. For Rajaiah of Boovanahalli in Hassan district, the cash crunch following demonetisation has seen his yet-to-be harvested maize shrouded in uncertainty. “There are no merchants to purchase as they have no cash,” he said. There is desperation, however, as his entire produce...
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