-Down to Earth The concept is unreasonable and will be detrimental to the country’s agricultural system, feel experts On November 19, when Prime Minister Narendra Modi announced the decision to repeal the three farm laws, he also stated that the government would form a committee to discuss how the system of minimum support price (MSP) could be more effective. One of the key demands of the protesting farmers is that MSP is provided...

-NDTV.com In Andhra Pradesh -- the largest producer of tomatoes in the country -- the vegetable is selling at ₹ 100 a kg. In Chennai, tomatoes are burning a hole in customers' pocket, costing upwards of ₹ 140 a kilo. New Delhi: The price of tomatoes -- sold every winter around ₹ 20 a kilo -- has spiraled following rain and floods in parts of Andhra Pradesh, Karnataka and Tamil Nadu. In...

-The Telegraph Risks and rewards of a green transition At the CoP26 in Glasgow, India pledged to net-zero carbon emissions by 2070, with specific commitments at a shorter horizon to obtain half its energy from renewables and lower the carbon intensity of the economy by at least 45 per cent from 2005 levels as well as the total projected carbon emissions by one billion tonnes by 2030. The commitment to a low-carbon...

-The Hindu Business Line Seeks CCI intervention to procure the natural fibre; traders point to global trend The Indian textile industry has begun expressing concern over soaring cotton prices in global and domestic markets, with some even raising fears that the natural fibre is being hoarded. In a memorandum to Prime Minister Narendra Modi, Southern India Mills Association (SIMA) Chairman Ravi Sam called for steps to stabilise cotton prices, particularly when the country...

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...