-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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With Latest MSP Promise, the False Narrative Surrounding Costs and Farmer Incomes Continues -Ramandeep Singh Mann
-TheWire.in The need of the hour is to set up a farmer pay commission, which can fix a minimum assured income of a farmer household. About halfway during the budget speech – while announcing the government’s plans for dealing with India’s agrarian crisis – finance minister Arun Jaitley made a rather bizarre statement. Apparently, according to Jaitley, the Modi government has already provided more than 50% margin over cost of production for...
More »Why the fuss about fiscal deficit? -Aarati Krishnan
-The Hindu The answer lies in the fragile state of the Centre’s finances, and its control over interest, pension and subsidy expenses To any layman watching India’s annual Budget jamboree, the entire exercise must seem very puzzling. After the Finance Minister has read out a long list of giveaways to farmers, small businesses, low-income earners and senior citizens in his speech, none of the beneficiaries seems entirely happy with their gifts. Commentators, after...
More »From plate to plough: The MSP smokescreen -Ashok Gulati & Ranjana Roy
-The Indian Express Government’s claim that it has given support prices that are 50 per cent over input costs to farmers is a sleight of hand. Tall talk could increase farmer resentment The finance minister (FM) has made a smart move by announcing in the Union budget speech that the government has already fulfilled its election promise of giving minimum support prices (MSPs) of at least 50 per cent higher than their...
More »Farmer Sutra: Jaitley focuses on the rural sector
-The Hindu In a pre-election Budget, Finance Minister Arun Jaitley serves up a mix of populism and prudence With a clear eye on the Lok Sabha election, Union Finance Minister Arun Jaitley pulled out all the stops in the Narendra Modi government’s last full Budget to promise a better deal for farmers, boost the rural economy and make the poor less vulnerable to health exigencies. Responding to the distress in the agriculture sector...
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