-Financial Express Robust production doesn't necessarily boost farmers' earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the price support scheme sans procurement doesn't seem to be working on the groun The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved modest increases of 5-7% in the minimum support prices (MSP) for rabi crops for the 2019-20 season. Even as the winter sowing...
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Nobel winner Abhijeet Banerjee's advice to govt: Make policies that work; govt teachers are overpaid
-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...
More »Lowering corporate tax rate is good but not enough -Renu Kohli
-The Telegraph While the corporate tax cuts are a long-term positive, this does not dismiss the case for near-term consumption support The government relented on fiscal discipline to steeply reduce corporate taxes on September 20; the lowest is now 17 per cent for new manufacturing units. The stock market soared, seeing earnings grow after successive downgrades for nearly nine years — about the same time as the investment shortfall that lower taxes...
More »Growth lessons India can take from new frontrunner Bangladesh -Jayanta Roy Chowdhury
-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
More »Noted Gandhian economist Dr Sudarshan Iyengar interviewed by Rutam Vora (The Hindu Business Line)
-The Hindu Business Line Noted Gandhian economist Dr Sudarshan Iyengar surveys the distressed agricultural landscape, pinpoints its weaknesses, and prescribes solutions with their roots in Gandhian agronomics. Edited excerpts from an interview to BusinessLine: * Given the agrarian crisis in India today, how relevant are Gandhi's economic principles based on the village economy, and equitable distribution of resources? They are relevant in the context of Gandhi's view of gram swaraj (village self-rule), which...
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