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...

-TheWire.in The Wire's analysis reinforces the fact that the announcement of MSP for most crops remains mostly on paper as farmers are rarely able to sell it for these prices. New Delhi: If the government’s minium support price (MSP) programme helped in properly creating a minimum floor price, farmers across 11 major agricultural states would have, on average, earned almost Rs 1,900 crore more by selling their produce. According to The Wire’s analysis...

Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

-The Hindu Business Line Farmers who would be selling their produce at farmgate under the recently-enacted Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Act 2020 will have real-time access to prevailing commodity prices through a market intelligence and Price Information System, which will be up and running soon, according to top Agriculture Ministry sources. One of the major contentions of a section of farmers protesting against the new farm legislations was...

-Press release by the Right to Food Campaign dated 26th September, 2020 The Right to Food Campaign opposes all the three farm bills passed by the Parliament and urges the President of India to not give his approval to these bills. The Right to Food Campaign believes that the Union Government instead of protecting the rights of farmers by giving appropriate price for farm produce, strengthening Mandis and ensuring a system...