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The limits of MSP -Ashok Gulati & Tirtha Chatterjee

-The Indian Express Instead of fiddling with procurement prices, government must devise an income policy for farmers. Speaking at the 37th foundation day celebrations of the NABARD, Arun Jaitley gave food for thought to the audience when he said, “If there is any area in the economy where we can give an example to the world and to ourselves of cooperative federalism, it is the agriculture sector. It can benefit people more...

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Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)

-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...

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Post-Truths, Fake & False News -Prof. Ujjwal K Chowdhury

-Outlook Taking recourse to numerous global studies, Prof. Ujjwal K Chowdhury throws light on the oft-repeated concepts of post-truth, fake news, false news and suggests ways to combat the menace Post-truth represents a situation when facts take the backseat and emotional appeals and personal beliefs start shaping public opinion. Post-truth politics (also called post-factual politics and post-reality politics) is defined as a political culture in which debate is framed largely by...

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The food economy: A Catch-22 for policymakers

-Livemint.com The best way to double the real incomes of Indian farmers would be to halve their numbers through job creation in other parts of the economy The Narendra Modi government last week announced sharp increases in minimum support prices (MSPs) for a variety of farm products. The move itself is not unexpected. The first sign that the Modi government would shift away from its earlier strategy of minimal hikes to douse...

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A right to sell at MSP: CACP wants legislation to ensure farmers benefit -Sanjeeb Mukherjee

-Business Standard The government's price-fixation panel backs legalising farmers' right to sell at MSP New Delhi: As the government goes on an overdrive to publicise the hike in Minimum Support Price (MSP), the question is how to ensure that farmers reap the benefits. Unless there is a regular procurement mechanism, MSPs will continue to have a notional value except, perhaps, for rice. The Commission for Agriculture Costs and Prices (CACP), the body which...

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