-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...
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How State budgets will fare if petrol, diesel are brought under GST -Rohan Abraham
-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...
More »Southern comfort: India's global poverty rank improves -Suvojit Bagchi
-The Hindu Study says poverty levels fell from 55% to 21% in a decade, mainly due to the lowered burden in the southern States Kolkata: India’s Multidimensional Poverty (MDP) has dropped significantly, largely as a result of the performance of five key southern States. Between 2005-06 to 2015-16, poverty level came down from 55% to 21%, improving the country’s MDP ranking. Following the drop in poverty levels, India moved to the 26th...
More »Why farm deflation is essentially a problem of liquidity -Harish Damodaran
-The Indian Express The main problem for farmers today is not production or having sufficient crop to sell. Instead, it has to do with prices that they are getting for their produce. The Met Department has forecast a third-in-a-row “normal” south-west monsoon this year, thanks to the very low probability of an El Nino event — the abnormal warming of the equatorial eastern Pacific Ocean waters, which is known to adversely impact...
More »It is Now Official, BJP Ruled States Outdo Others in Crime against Dalits -SR Darapuri
-TheCitizen.in Number of crimes against Dalits have gone up substantially It has again come up prominently in the National Crime Records Bureau (NCRB) “Crime in India-2016” Report that BJP ruled States outdo other states in atrocities against Dalits (Scheduled Castes). As in 2015. At present the BJP rules Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Haryana, Chhattisgarh, Goa and Jharkhand where Dalit atrocities cases are more than the non-BJP ruled states. In other states ruled...
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