-Livemint.com Correcting import-duty anomalies will attract foreign firms to set up assembly bases here and lift our global competitiveness A steady decline in import tariff rates in manufacturing industries had been an important feature of India’s economic reforms during the 1990s and 2000s. The average import tariff rate was reduced from about 84% in 1990 to the lowest-ever level of 8.6% in 2010. Consequently, imports of goods plus services as a percentage...
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Climate crisis lies at the heart of farmer protests in India -Omair Ahmad
-IndiaClimateDialogue.net Protests by Indian farmers against three new farm laws have deep roots in income insecurity, which is driven by changing rainfall patterns and incentives that promote the overuse of water The protests by Indian farmers against three laws initially passed as ordinances have gone from sporadic in August 2020 to the biggest peaceful civil society protest in the world. Despite 11 rounds of talks and the creation of a committee by...
More »Strengthening the MSP System -MS Sriram
-Newsclick.in The MSP system has long been the central topic of discussion in agricultural reforms. The MSP system has long been the central topic of discussion in agricultural reforms. Demystifying its pros and cons, PROF M S SRIRAM writes on what we can learn and do to make MSP an effective mechanism that empowers farmers. ARGUMENTS against a statutory minimum support price (MSP) have hovered around the following lines: The MSP benefits only a...
More »Milk prices defy seasonal trend as supply pressures build -Harish Damodaran
-The Indian Express On Tuesday, skim milk powder (SMP) prices at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $3,243 per tonne, the highest since the $3,264 of August 5, 2014. Vegetable prices have cooled with the usual winter-time increase in supplies of carrots, cauliflower, cabbage, radish, capsicum and peas. Even onions and tomatoes aren’t on fire like they were only a couple of months ago. That...
More »Centre’s farm laws transgress Constitution’s federal structure -Dushyant Dave
-The Indian Express Dushyant Dave writes: Centre's farm laws will create monopolies in agriculture production and Trade, and hurt farmers. The Constitution of India is a “fundamental document”, as declared by B R Ambedkar on September 17, 1949 during the Constituent Assembly debates. To him, this document defined the powers and functions of the three organs of the state — the legislature, executive and judiciary: “…in fact, the purpose of a Constitution...
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