-The Hindu The distinct characteristics of India’s agriculture require that a reformed state must ensure farmer, consumer welfare For at least four decades now, economic policy making globally has dogmatically adhered to the notion that a progressively reduced role of the state would automatically deliver greater economic growth and welfare to the people. Since reform, by definition, is taken to mean only one thing, sector after sector is compulsively sought to be...
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The Modi Government Has Put the Cart Before the Horse -Prem Shankar Jha
-TheWire.in Indian agriculture is in the grip of a crisis and needs to move away from the 'cereal trap' towards alternatives. Deregulation of marketing should come second, not first. At the Indian Express’s e-Adda on March 21, Punjab’s chief minister Captain Amarinder Singh asked a question that has still not received an answer: Why did the Central government feel it had to change a marketing system that has existed for a hundred...
More »Potato prices crash 50% to Rs 5-6 per kg in both producing, consuming areas
-PTI/ Business Standard Potato prices in both producing and consuming areas across India have crashed 50 per cent to Rs 5-6 per kg this year on account of good rabi (winter) crop, as per the government data Potato prices in both producing and consuming areas across India have crashed 50 per cent to Rs 5-6 per kg this year on account of good rabi (winter) crop, as per the government data. While consumers...
More »Markets have failed to prop up farm incomes -Devinder Sharma
-The Tribune The economic argument in support of market reforms, claiming that farm incomes go up when the number of farmers recedes, has turned out to be untrue. America has lost more than 5 million farms in less than 100 years, and Australia 25 per cent of its farms between 1980 and 2002. The speed at which farmers across the globe have got out of agriculture hasn’t increased farm incomes, but...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
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