-The Indian Express The National Food Security Act (NFSA) passed during the previous UPA regime's tenure was more about "vote security" than "food security", according to Shanta Kumar, BJP MP and chairman of the high level committee on Restructuring the Food Corporation of India (FCI). Defending his committee's recommendation to bring down the coverage of the NFSA from 67 per cent to around 40 per cent of the country's population, Kumar claimed...
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For the farmers
-The Indian Express The Centre is reportedly considering decontrol of urea over a period of three years, at the end of which retail prices would be totally market-determined, with farmers getting a fixed per-bag subsidy to be credited directly to their bank accounts. If this happens, it will probably be the most politically challenging economic reform the Narendra Modi government undertakes. Given the crash in global oil prices, decontrol of diesel...
More »Running on fumes -Paranjoy Guha Thakurta
-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...
More »Rural wage growth lowest in 10 years, signals farm distress, falling inflation -Harish Damodaran & Surabhi
-The Indian Express Rural wages in India have registered an average annual growth of 3.8 per cent in November, the lowest since July 2005, according to Labour Bureau data. The 3.8 per cent year-on-year increase is a significant drop relative to the two-digit growth rates prevailing until June, and the peak 20 per cent-plus levels of 2011 (see graph). "The numbers confirm the findings in our mid-year economic analysis that inflation is...
More »Good for the economy, bad for the environment? -Vidya Venkat
-The Hindu Irrespective of fuel costs, investing in a robust public transport system alone can save the day Whenever news about a fall in oil prices hits the headline, the first to cheer are car users. "I can save up to Rs. 2,700 every month now. That means I can put this money to better use elsewhere," a journalist-friend recently said with a sigh of relief when asked to respond to the...
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