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Shock treatment will not work in agriculture -Sarthi Acharya and Santosh Mehrotra

-The Hindu Post-1991, changes in industry caused a second de-industrialisation; the results in agriculture are likely to be no different Almost all sections of people including farmers agree that the Agricultural Produce Market Committee (APMC)-mandi policies for agricultural marketing, initiated in the 1960s for a few crops, have outlived their utility and the system needs a new policy in the face of the agricultural sector’s growth slowdown, the crop-composition not widening, and...

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Reform for farmers needs to look at more than mere efficiency of agriculture markets -Nikhit Kumar Agrawal and Richa Kumar

-The Indian Express Considering the critical importance of agriculture for livelihoods, health, food security, and also keeping in mind the vulnerability of Indian farmers, it is necessary to go beyond reductionist expediency in considering agricultural reforms. In his speech on December 25, Prime Minister Narendra Modi said that the three controversial farm laws will finally deliver justice to the vast majority of small farmers who have been ignored by successive governments. As...

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Government ropes in I-T department to crack down on GST fraud -Vikas Dhoot

-The Hindu Data being pooled to track evasion, says Finance Secretary. Tightening the noose around fraudsters rigging the Goods and Services Tax (GST) regime, the government has roped in the Income tax department to tap illicit incomes as part of a crackdown against 7,000 fraud Companies, identified using data analytics tools, Finance Secretary Ajay Bhushan Pandey told The Hindu. Any income traceable to the use of fake bills and other GST frauds shall...

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The anatomy of a stock market bubble staring India in the face -Vivek Kaul

-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999. The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels....

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Economic revival is slowing, key indicators show -Shreya Nandi and Gireesh Chandra Prasad

-Livemint.com Data from the corporate affairs ministry show the setting up of new firms, which indicates investment intent, fell 19.5% in November to 13,453 from the preceding month The tally of newly incorporated Companies, as well as electronic permits raised for transporting goods, declined on a sequential basis in November for the first time since April. This loss of momentum in economic recovery after the initial turbulence caused by the pandemic could worry...

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