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Farmers bear the burden of deflation -Harish Damodaran

-The Indian Express Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season. The defining feature of Indian agriculture in the last five years — much of it under the Narendra Modi government’s tenure — has been low prices for farm produce. The accompanying...

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Universal Basic Income can be funded by reducing subsidies to the rich -Pranab Bardhan

-The Indian Express I think packaging a significant UBIS with a simultaneous increase in the taxes on the rich will help macro-economic stability, apart from assuaging the poor who will face some of the price rise in commodities or services, when subsidies are withdrawn. After my last op-ed in this paper (The safety net of the future) several readers, intrigued by the idea of a Universal Basic Income Supplement (UBIS) proposed...

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A quota for farmers -Harish Damodaran

-The Indian Express It would have made more sense — economically, legally, politically, morally, constitutionally — to have limited 10 per cent EWS reservation to those with farming or rural backgrounds The last few years have seen the so-called dominant farming communities — especially the Jats, Marathas, Patidars and Kapus — mount violent agitations demanding quotas in government jobs and higher educational institutions, whether under the OBC (Other Backward Class) or...

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Monsanto allowed to claim patent on GM cotton seeds

-The Hindu Business Line Shares of Monsanto India Ltd climb as much as to Rs 2,669, their highest since Sept. 26 The Supreme Court on Tuesday allowed Monsanto Technology to claim patent on its genetically-modified cotton seeds, giving a boost to firms developing new seed technologies. The ruling overturned an order of a Division Bench of the Delhi High Court last year which invalidated the patent granted to Monsanto — acquired by German...

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Will farm loan waiver go the way of the property tax repeal? -Indira Rajaraman

-Livemint.com All recent reforms mooted on farm credit do not address the needs of farmers for whom formal credit doors are shut Farm distress has been a sadly persistent feature for the past five years, the initial two years on account of failed rains, but in the last three years because of policy failure on a number of fronts, including, most visibly, unremunerative prices for farm produce. That it shapes electoral...

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