-Financial Express If the government implements the assured minimum support price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the MEAsure would also dampen exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...
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Mandate and allocations -M Govinda Rao
-The Hindu The terms of reference of the 15th Finance Commission raise questions about constitutional propriety It is not without reason that the presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions, and the recent conclave of Finance Ministers of the southern States to discuss contentious issues in the ToR is only the beginning. In the months ahead more debate on this is likely. But the line by...
More »Fund fight: Why population became a sticking point for Centre and states
-The Times of India • What does the Finance Commission do? In India’s federal structure, taxation powers and obligations for various services — like law and order, health, education — are unequally shared between the Centre and the states. Hence, the Constitution mandates the setting up of a Finance Commission (FC) every five years to recommend how revenues from central taxes should be shared between the Centre and the states. A fair...
More »The Pathalgadi rebellion -Amarnath Tewary
-The Hindu In recent months, many Adivasi villages in Jharkhand have put up giant plaques declaring their gram sabha as the only sovereign authority and banning ‘outsiders’ from their area. Amarnath Tewary reports on a political movement that is gathering steam across the State’s tribal belt It is high noon at the government middle school in the heart of Maoist-affected Arki block in Jharkhand’s Khunti district. Over 100 Adivasi villagers have gathered...
More »Economic Graffiti: Why morality matters to economics -Kaushik Basu
-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font starts out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....
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