-PTI The scheme can have a negative impact on prices, productivity: FICCI-KPMG New Delhi: After the Prime Minister's referred to MGNREGA as a "monument to the failure of the UPA regime", comes a report blaming it for creating shortage of farm labour. A Federation of Indian Chambers of Commerce and Industry (FICCI)-KMPG report titled ‘Labour in Indian Agriculture: A Growing Challenge', released here on Wednesday, says schemes, such as the Mahatma Gandhi National...
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Setting up national agriculture market, a clear warning for APMCs -Enamul Haque
-The Hindu Business Line Economic Survey says Parliament can pass laws to override States' powers to create such a thing The Budget has proposed the setting up of a national agriculture market. Agriculture in the country is a State subject and thus all the States have set up Agricultural Produce Marketing Committees (APMC) to regulate the marketing of Agricultural commodities. Thus, APMCs have been considered an inhibiting factor for establishment of a national...
More »Against the grain -Harish Damodaran
-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
More »Acquisition lapses if owner not paid on time: SC
-The Telegraph New Delhi: The Supreme Court has ruled that land acquisition proceedings are deemed to have lapsed if the government fails to compensate landowners or take possession of acquired land within two years. The court said if the government was keen on retaining the acquired land, it must re-initiate acquisition proceedings as provided under the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013. A bench of...
More »Rain hits mustard, wheat, chickpea crop in north and central states -Harish Damodaran
-The Indian Express New Delhi: Unseasonal rainfall accompanied by strong winds is seen to have caused significant damage to the standing rabi crop across North and Central India, adding to the woes of farmers already battling low price realisations and urea shortages. "These rains aren't beneficial for 90 per cent of the wheat, mustard or chana (chickpea) now in the fields. They may be useful only to the wheat that was sown...
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