-Business Standard Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20 Lucknow: Unlocking an additional revenue stream for the beleaguered domestic sugar sector, the Central government has allowed the Export of alcohol-based hand sanitizer, a commodity in high demand globally in the fight against Covid-19. On May 6, the Centre banned the Export of the...
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COVID-19 Lockdown: Impact on Agriculture and Rural Economy -Vikas Rawal, Manish Kumar, Ankur Verma and Jesim Pais
-Society for Social and Economic Research Monograph 20/3 Key Messages Lack of planning and preparation by the Central government for tackling the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country. Harvesting of Rabi crops • Unplanned and sudden imposition of the lockdown resulted in a massive and unprecedented disruption to agricultural activities such as harvesting, sale of agricultural produce, and purchase...
More »12-year low -- and Before Covid
-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...
More »The Modi Sarkar’s Project for India’s Informal Economy -Barbara Harriss-White
-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of Narendra Modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
More »Will farmers get a better deal after recent reforms? -Roshan Kishore
-Hindustan Times India has moved from a food-scarce economy to a net Exporter of food. However, food production does not guarantee food security. Affordability is what matters. New Delhi: The government has announced major agricultural policy changes as part of the economic package it has unveiled in the wake of the Covid-19 pandemic. These include deregulation of farm foods from the Essential Commodities Act (ECA). Farmers have also been allowed to sell...
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