-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
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Institutions weakened, economy crippled -M Suresh Babu
-The Hindu The credibility of the RBI, the CSO and the Niti Aayog has taken a beating in recent times due to political interference Nobel laureate Oliver Williamson pondered over an important question, around 25 years ago: “Why are the ambitions of economic development practitioners and reformers so often disappointed?” According to him, “one answer is that development policymakers and reformers are congenital optimists. Another answer is that good plans are regularly...
More »Rs 80 per kg and climbing: Onion PRIces may not come down anytime soon, here's why! -Sindhu Chandrasekaran
-The New Indian Express Maharashtra, MP, Karnataka and AP are major producers of onions in India. These states were severely hit by the monsoon this year, which destroyed their farm produce. The PRIces of basic commodities like fuel and onions are skyrocketing just as the festive season is around the corner. While fuel PRIces hit a yearly high on the back of the ongoing tensions in the Middle East and the US-China...
More »Too much of rains have spelt disaster for farmers in India's soyabean bowl -Milind Ghatwai
-The Indian Express The average modal PRIce of soyabean in the Ujjain mandi has risen from Rs 3,576 to Rs 3,970 per quintal since the start of this month. The current rates are above the MSP of Rs 3,710 declared by the Modi government for the 2019-20 kharif season. Sehore (MP): Standing in ankle-deep water engulfing his field, Kamal Singh Dhangar takes a wild shot at the likely yield from the...
More »An unequal burden -Harish Damodaran
-The Indian Express Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit. Agriculture is a unique business that not only has high production as well as PRIce risk, but also one where everything is bought retail and sold wholesale. This reality, moreover, extends even to Goods and Services Tax (GST): Farmers are the only businessmen today who cannot claim input tax credit (ITC) on...
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