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ECA, APMC changes may hurt farmers’ interests -Kushankur Dey

-The Hindu Business Line Private oligopolies may end up forcing small and marginal farmers to accept poorer terms for their produce A big-bang reform claimed to usher in the farm sector as Finance Minister announced ₹1-lakh crore funding support for strengthening of farm-gate infrastructure such as cold chains and post-harvest management infrastructure. Additional measures include a ‘facilitative legal framework’ to enable farmers for engaging with modern food chains in a fair and...

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Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John

-BusinessToday.in Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...

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Panel proposes land pooling to corporatise agri, merging MNREGA with skilling programmes -Shyamlal Yadav

-The Indian Express The draft proposes that the land pooling model which is used in building greenfield airports can be used in agriculture to enable corporatisation, which will create demand for skilled labourers. A LAND pooling model enabling corporatisation of agriculture, opening up EPF and ESIC for the unorganised sector, merging the MNREGA with skill development programmes to create a wage subsidy programme —- these are some of the proposals that have...

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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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Economic liberalisation and its faults -KM Gopakumar & Ranja Sengupta

-The Hindu The virus reveals how dependence on Private Sector-led economic growth has proved to be disastrous  Dr. Manmohan Singh’s 1991-92 Budget speech marked the beginning of the end of the ‘Licence Raj’ in India. The Budget also announced the reduction of import duties and paved the way for foreign-manufactured goods to flow into India. Following this, most of the manufacturing sector was opened up to foreign direct investment. India’s industrial policy...

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