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Opposition parties cry foul on farm report -Anita Joshua

-The Telegraph A day later, Congress and TMC, which has the chairmanship of the committee, said it was a misrepresentation and evidence of the BJP’s “dirty tricks department in action ” New Delhi: Opposition parties were left scrambling for an explanation after a parliamentary panel in which they had representation green-signalled one of the three contentious farm laws in a report tabled in Parliament on Friday. In the report tabled in the Lok...

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Cutting across party lines, House panel tells govt to give effect to 1 of 3 farm laws -Harikishan Sharma

-The Indian Express The stated position of most of these parties is against all three laws; the Congress wants them repealed. The Standing Committee on Food, Consumer Affairs and Public Distribution, which has members from 13 parties including BJP, Congress, TMC, AAP, NCP and Shiv Sena, has asked the government to implement the Essential Commodities (Amendment) Act, 2020 in “letter and spirit.” The Act is one of the three contentious farm laws against...

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Centre red flags Delhi’s ration at doorstep scheme -Sourav Roy Barman

-The Indian Express In a letter to the Delhi Food Commissioner, the Union Ministry of Consumer Affairs, Food and Public Distribution has also said that changing the provisions of the Act so as to allow delivery of foodgrains to the doorstep of beneficiaries, would need the approval of Parliament. New Delhi: Six days before the proposed rollout of a Delhi government scheme to deliver rations to people’s homes, the Centre has raised...

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India’s  middle class shrank by 32 mn in 2020, says Pew report -Asit Ranjan Mishra

-Livemint.com The shrinking of middle class population could have a medium-term impact on India’s growth trajectory The coronavirus pandemic may have shrunk India’s middle-class population by 32 million and driven 75 million below the poverty line in 2020, a Pew Research Centre report said, as a severe recession walloped Asia’s third-largest economy. The report, which is based on an analysis of World Bank data, said that in comparison China fared much better, with...

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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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