-The Indian Express Montek Singh Ahluwalia’s book helps frame the problem: Tilt in favour of consumer in Food Policy reduces incentives for farmers, makes it difficult to unlock resources for growth. Last month, Montek Singh Ahluwalia’s book, Backstage: The Story Behind India’s High Growth Years, was released. It is an account of India’s economic reform journey— a process in which Montek was an insider for about 30 years. Besides some very interesting...
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Government must engage in a collaborative effort with farmer groups -Ajay Vir Jakhar
-The Indian Express There is an ambiguous provision to levy income tax on “dairying”. Either the provision should be removed or it should be clarified that it does not include dairy farmers. Dairying is a part of agriculture and as per the Constitution, it is a state subject. Those in power may not yet be accepting blame for the barrage of negative news on the state of the economy, but cracks are...
More »One state, one ration card: MP reforms its Aadhaar-enabled PDS, helps migrant workers -Milind Ghatwai
-The Indian Express Madhya Pradesh government has now found a solution. Under the Aadhaar-enabled PDS, the respective grain quota is given to the nominee after verification of his biometric details. It’s not uncommon for beneficiaries of the public distribution system (PDS) to miss out on their quota of monthly food grains for reasons ranging from disability to old age to failure of the biometric verification system. But the Madhya Pradesh government has now...
More »Vegetable prices push wholesale inflation to 7-month high in December
-The Indian Express Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation. Wholesale price index (WPI)-based inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the data released by...
More »A rough patch
-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
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