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Modi Launches a Startling Pre-Election Budget, Massaged by Creative Accounting -Jayati Ghosh

-TheWire.in The aggregate macroeconomic impact of this Budget cannot really be assessed, since the actual fiscal stance is now so opaque. Let’s get one thing clear. This is not an interim Budget, whatever the government finally agreed to call it. The sweeping promises made on both expenditure and taxation fronts are well beyond the limited minor changes that are supposed to be allowed in a vote-on-account or interim Budget. For a government that...

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Removing the roots of farmers' distress -C Rangarajan & S Mahendra Dev

-The Hindu Steps like limited procurement, boosting productivity and consolidating land holdings can help reduce agrarian distress Recently, there has been active discussion on the strategies addressing farm distress. There are media reports that the ‘interim Budget’ may focus on the farm sector among other things. Agrarian distress, in the present context, is mainly in terms of low agricultural prices and, consequently, poor farm incomes. Low productivity in agriculture and related supply...

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Tenant farmers being left high and dry -B Yerram Raju

-The Hindu Business Line It is vital to cover the important and vulnerable section of tenant farmers with credit and insurance Tenant farmers rarely get bank credit. They don’t get any subsidies. Money lenders thrive on them because their loans cannot be waived. They also account for 80 per cent of farmers’ suicides in the country. With farmers taking to the streets to highlight their issues these problems should be addressed. State level...

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Remove shackles on agricultural prices

-The Economic Times blog As policymakers debate what form of income support will cure India’s extensive farm distress, we have a study whose insights suggest that the right policy has to look beyond ratcheting up support prices to unsustainable levels and cash transfers to farmers. Agricultural policy is deeply flawed and calls for structural reform. This crisis can no longer be contained with band-aid. It calls for proper diagnosis and remedy. Such...

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Rhetoric no salve for farm distress -PP Sangal

-Financial Express Farmers in India (also in undivided India) have generally been poor, and it has not been only the phenomenon of post-reforms period in Independent India, as believed by some. Yes, now it is becoming worse day by day. Farmers’ distress over the past few years has taken a new dimension so much so that political parties, without exception, are now using it as an opportunity to win elections by...

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