Since jobs have shrunk due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...

-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...

-The Hindu How Zero Budget Natural Farming could be the model for the future In early June, Andhra Pradesh Chief Minister N. Chandrababu Naidu announced that the State would fully embrace Zero Budget Natural Farming (ZBNF), a chemical-free method that would cover all farmers by 2024. Earlier in the year, he had revealed these plans at the meeting of the World Economic Forum in Davos. Even though this revolution has been in the...

-Livemint.com Soaring sales of herbicide tolerant, genetically modified cotton seeds put farmers across states at risk New Delhi: Regulatory failure has led to a surge in sales of unapproved herbicide tolerant (HT) genetically modified (GM) cotton seed packets in the ongoing Kharif planting season, putting thousands of farmers at risk across states such as Maharashtra, Telangana, Andhra Pradesh and Gujarat. The regulatory failure has been precipitated by the fact that the genetic engineering...

-The Indian Express We have, indeed, entered a regime of “permanent surpluses” in most crops — a reality our policymakers are unable to grasp, stuck as they are in the era of the Essential Commodities Act. If there is one thing that has changed in Indian agriculture in recent times, it is supply response — the ability of farmers to increase production when prices go up. Traditionally, the supply curve in most...