-The Times of India Continuing suicides and intermittent protests by farmers across the country prompted the Supreme Court on Thursday to ask why the much publicised Pradhan Mantri Fasal Bima Yojana (PMBFY) had not provided relief to the hapless farmers. While the government said that it is the first year and they are ironing out the problems, a look at the details of this first year's implementation throws up more systemic...
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Is direct benefit transfer really a panacea for the rural poor? -Sanjiv Phansalkar
-VillageSquare.in Given the complex and varied situations in rural India, the results of the direct benefit transfer method are so far mixed at best and debilitating at worst, as seen in the subsidies for farm equipment and fertilizers Direct benefit transfer (DBT), a system through which government programs transfer funds directly to bank accounts of beneficiaries, is hailed as a major intervention that is expected to cut a whole lot of misdirection...
More »The unsuitable boy of India's cattle economy -Abhishek Rajan
-VillageSquare.in The problem of male cattle in India, the world’s largest milk-producing country, remains in limbo even as farmers grapple with latest government regulations that severely restrict cattle trade and culling Alpesh Patel, a small farmer in Mogari village of Anand district in Gujarat, owns three crossbreed female cattle and earns supplemental income by selling milk to the nearest dairy co-operative. He strives to keep his herd efficient for milk production by...
More »Asim Dasgupta, former Finance Minister of West Bengal, interviewed by AM Jigeesh (The Hindu Business Line)
-The Hindu Business Line Asim Dasgupta, who was Finance Minister of West Bengal for 24 years, was probably the only CPI(M) member who attended Saturday’s event at the Central Hall of Parliament, on the eve of the GST’s launch. In fact, Dasgupta was Chairman of the Empowered Group of State Finance Ministers which prepared the first formulation of GST laws in 2009. He spoke to BusinessLine on the new indirect tax regime,...
More »GST Council cuts tax rate on fertiliser to 5%
-PTI New Delhi: Just a couple of hours before the Goods and Services Tax (GST) roll out, the all-powerful GST Council tonight reduced the tax rate on fertiliser to 5 per cent from previously decided 12 per cent. Finance Minister Arun Jaitley, who heads the GST Council comprising representatives of states, said the decision to reduce the tax rate on fertiliser was taken because of apprehensions that price of the crop nutrient...
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