-TheWire.in The Swaminathan Commission was clear in its recommendations, and the rationale offered by the NITI Aayog to rule out the use of comprehensive cost is dubious at best. Finance minister Arun Jaitley had announced in Budget 2018-19 that his “government has decided to keep MSP [minimum support price] for the all unannounced crops of kharif at least at one and half times of their production cost”. This announcement set off a flurry...
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Rajasthan govt waives loans of up to Rs 50,000
-The Times of India JAIPUR: Close on the heels of BJP’s rout in parliamentary and assembly bypolls earlier this month, Rajasthan chief minister Vasundhara Raje on Monday announced a waiver for farm loans up to Rs 50,000 taken by small and marginal farmers. The waiver was part of the last budget of her government’s term. The sop to woo agitating farmers ahead of the assembly polls, scheduled for the end of...
More »Hardly a gamechanger -Subrata Mukherjee & Subhanil Chowdhury
-The Hindu Neither the Budget nor the National Health Policy 2017 shows a clear health sector road map The National Health Protection Scheme announced in this year’s Budget has generated a lot of debate. The government has committed itself to “providing coverage up to ?5 lakh per family per year for secondary and tertiary care hospitalisation” for 10 crore poor families, with approximately 50 crore people as beneficiaries. As only ?2,000 crore...
More »The formal-informal divide -Puja Mehra
-The Hindu The slowdown in private investments is visible chiefly in the informal sector, not the corporate sector It is now well recognised that there is an investment slowdown in India, which is delaying a full-blooded recovery in the economy. Private investments, the principle engine of growth, are out of steam. The fall is so severe that it has more than offset the government’s macroeconomic stimulus of increased public investments. The slowdown started...
More »'Formalising' the Economy: What's in It for Workers? -Karuna Dietrich Wielenga and Shashank Kela
-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal sector at the expense...
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