-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
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With higher output, lower prices and likely import curbs, wheat may go the pulses way -G Chandrashekhar
-The Hindu Business Line The Indian wheat situation is turning worrisome, not because of the over-optimistic production estimate released by the Ministry of Agriculture recently, but because of the current price levels that provide no encouragement to farmers. Fraught with possibilities, the wheat may go the pulses way. The policy-makers may soon be forced to impose import restrictions in the form of higher Tariffs. Output, prices To start with, no one in the trade...
More »From Plate to Plough: The right agri-support -Ashok Gulati & Tirtha Chatterjee
-The Indian Express Schemes to ensure that farmers get fair returns will come a croppper unless trade and Tariffs are synced with minimum support prices. With farm prices of several commodities falling way below their minimum support prices (MSPs) in 2016-17 and 2017-18, farmers have been under increasing stress. The Centre and several state governments are searching for ways and means to support farmers. In his recent address (Mann ki Baat), the...
More »Why crop prices are falling despite higher MSP, stiffer import Tariffs -Rajalakshmi Nirmal
-The Hindu Business Line Surge in production of most crops; demand-supply equation driving prices The Centre’s moves to stop domestic market prices of agri commodities from falling, be it by increasing the minimum support price (MSP), hiking import duty or levying a minimum import price (as in the case of pepper), have not been effective. While market prices do go up in a knee-jerk reaction following the news, they soon revert to...
More »The changing politics of food price inflation -Sonal Varma and Aurodeep Nandi
-Livemint.com Linking MSPs to a multiple of costs and ignoring other dynamics, such as demand and global prices, risks creating distortions and disincentivizing productivity Government policymaking seems to be making a volte-face from supporting consumers (by keeping food inflation low), to supporting producers (by raising food prices). In the 2018-19 Union budget, the government “decided to keep minimum support prices (MSP) for all unannounced crops of kharif at least at one-and-a-half times of...
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