-The Hindu The reforms in agricultural marketing are no more than reiterations of earlier pronouncements The announcement of reforms in agricultural marketing by Finance Minister Nirmala Sitharaman, in May, has been hailed by some as the “1991” moment for agriculture. While it does not mean much on the ground, it has successfully managed to deflect attention from the pittance offered by way of fiscal support to the agricultural sector, as a part...
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The Modi Sarkar’s Project for India’s Informal Economy -Barbara Harriss-White
-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of Narendra Modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
More »ECA, APMC changes may hurt farmers’ interests -Kushankur Dey
-The Hindu Business Line Private oligopolies may end up forcing small and marginal farmers to accept poorer terms for their produce A big-bang reform claimed to usher in the Farm Sector as Finance Minister announced ₹1-lakh crore funding support for strengthening of farm-gate infrastructure such as cold chains and post-harvest management infrastructure. Additional measures include a ‘facilitative legal framework’ to enable farmers for engaging with modern food chains in a fair and...
More »Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy
-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...
More »Enough with the lofty rhetoric. It’s time to let the money do the talk -Himanshu
-Livemint.com Slogans, vision statements and acronyms are unlikely to be of any help to those in distress As the details of the mega fiscal package of ₹20 trillion announced by the prime minister are slowly being revealed by the finance minister (FM), it is increasingly becoming clear that it has less to do with the immediate crisis of lives and livelihood and more to do with the long-term agenda of reforms and...
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