-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

-The Hindu The transfer of the RBI’s surplus is only a stopgap measure which will not address the key problem of a lack of demand There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this...

-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant investment and exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...

-Newsclick.in “Our population today is around 136 crore. Where will you get food grains for them through zero budget farming? This is sheer madness.” There is an inherent seductive charm to the term zero budget natural farming, for it makes the arduous occupation of agriculture appear beguilingly simple, an economic proposition without any risk or even requirement of capital. Coined by the Vidarbha-based farmer, Subhash Palekar, who was bestowed with the Padma...

-TheWire.in Why asset redistribution is superior to income redistribution. Land and labour are two basic factors needed by rural people for income generation. While women have always played a key role in agricultural production, their importance both as workers and as farm managers has been growing in the last two decades as more men move to non-farm jobs – leading to an increased feminisation of agriculture. However, ownership of land is concentrated mostly...