-Newsclick.in The Modi Government’s sudden modification of the terms of reference via a presidential order on July 29 is an attempt to squeeze the revenue share of states, say Opposition leaders. New Delhi: The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them, various finance ministers of non-BJP...
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Public sector banks merger: Modi govt to announce big bang plan soon -Arup Roychoudhury & Somesh Jha
-Business Standard Finance ministry has called a meeting with chief executives of ten public sector banks, on Friday The National Democratic Alliance (NDA) government has readied its mega plan for merging multiple set of public sector banks (PSB) and is set to make an announcement anytime soon, according to multiple sources. The department of financial services in the finance ministry has called a meeting with chief executives of ten public sector banks, which...
More »Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »RTI amendment: Usurping powers from Legislature and States -M Sridhar Acharyulu
-Down to Earth The National Democratic Alliance government's move is an assault on the independence of information commissioners, writes former Central Information Commissioner M Sridhar Acharyulu Alas! I thought the Narendra Modi government is strong enough after its re-election. But now it is scared of the Right to Information (RTI) and the Chief Information Commission (CIC), as if they are monsters who can harm the power of the powerful rulers. The Information Commissioner...
More »A reality check indicates that MSP set for 2019-20's kharif crops is not 1.5 times the 'C2' cost of production
A recent press release by the Cabinet Committee on Economic Affairs (CCEA) shows that the declared minimum support price (MSP) for most kharif crops to be marketed in 2019-20 is at least 50 percent above the cost of production. The official information related to the newly declared MSP, which came two days ahead of the Union Budget presentation, gives the impression that the newly re-elected NDA government has kept its promise...
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