-The Tribune Cabinet also approves purchase of Covaxin for 18-44 category industrial workers The Punjab government on Thursday decided to join the COVAX facility alliance for global sourcing and procurement of Covid vaccines at the best price, becoming the first state to take such a step amid vaccine shortage in the country. The decision was taken during the Cabinet meeting, which also approved the purchase of Covaxin for industrial workers, for whose vaccination...
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How the Adani Group is poised to control the agricultural market following the farm laws -Hartosh Singh Bal
-CaravanMagazine.in In the cover story of The Caravan’s March 2021 issue, “Mandi, Market and Modi,” Hartosh Singh Bal reported about the Indian government’s efforts to remake India’s agricultural economy for large private players. In the following excerpt from the story, Bal traces the infrastructure that the Adani group have already built to store, transport and market agricultural produce. There has been considerable conversation around what the entry of private buyers in procurement...
More »RBI sanctions Rs 21K crore: Punjab gets CCL for wheat procurement
-The Indian Express The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs 1975 per quintal, hiking it by Rs 50 from last year’s Rs 1925 per quintal. Chandigarh: Ahead of the wheat procurement that starts from April 10 in the state, the Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April, 2021 for...
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...
More »Budget 2021-22: Over-reliance on infrastructure investment to spur growth? -Sarmistha Pal
-IdeasforIndia.in Commenting on the strong infrastructure push in the 2021-22 Budget, Sarmistha Pal argues that an emphasis on investment in infrastructure may not necessarily bring India out of the current economic recession – with the Budget’s negligence of the education sector and insufficient health expenditure, making matters worse. The 2021-22 Union Budget, announced on 1 February 2021, made a definitive turn to the right as it turned its back on providing any...
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